Listed securities firm annual bonuses generously distributed 38.7 billion yuan, 39 companies distributed "red envelopes" for three consecutive years.

After experiencing record-breaking interim dividends and special dividends in the third quarter, listed securities brokerage firms are planning to "spend generously" over 38 billion yuan for the year-end dividends in 2024. Among the 42 listed securities brokerage firms, only Tianfeng Securities and Pacific Securities will not distribute dividends due to negative distributable profits. Looking at the overall situation in 2024, 17 brokerage firms have cash dividend ratios exceeding 40%, more than in 2023. If we expand the observation period to the last three reporting periods, it is evident that listed securities brokerage firms are establishing a sustainable and stable shareholder return mechanism, with seventy percent of them maintaining cash dividend ratios above 30% annually.