As of June 19, 2024, the market cap of Shanghai dividend paying companies shows an overall dividend yield over 3%, with more than 100 companies having a yield of 5% or higher, an increase of nearly 30 companies compared to 2020. The number of companies with high dividend yields is steadily increasing, with over ten companies such as Daqin Railway and Youngor Group having a dividend yield of 5% or higher for three consecutive years. Under the guidance of policies that encourage capable companies to actively distribute dividends, promoting the realization of market value and valuing market feedback has become the consensus of more and more Shanghai companies, highlighting the pillar position of dividend distribution for large-cap blue-chip companies. (Securities Times)