3.9%! Moutai's dividend yield has surpassed ABC for the first time in history
Moutai's dividend yield reached 3.9%, surpassing Agricultural Bank of China's 3.7% for the first time in history. This liquor giant is attracting income-oriented investors through stable dividends. Market trends indicate that investors are looking beyond traditional bank stocks for higher dividend targets in sectors such as consumption, with 65 non-bank companies in the CSI 300 having dividends exceeding that of ABC
With the adjustment of stock prices and the increase in stable dividends, Moutai is transforming from a growth stock into a high-yield value investment target, with its dividend yield historically surpassing that of the Agricultural Bank of China, marking a potential shift in the market's pursuit of high-yield assets from traditional bank stocks to other sectors.
Latest data shows that Moutai's expected net dividend yield has reached 3.9%, while the dividend yield of the Agricultural Bank of China's Shanghai Stock Exchange listed shares is 3.7%. This is the first time that the dividend yield of this top liquor producer has exceeded that of the Agricultural Bank of China.
This milestone surpassing is backed by two completely different stock price trends. This year, due to weak demand for high-end liquor and other factors, Moutai's stock price has fallen by about 5%.
Meanwhile, driven by insurance funds chasing high-yield assets, the Agricultural Bank of China's stock price has soared over 30% this year, reaching a historical high on Tuesday, thereby diluting its dividend yield.
Moutai's New "Value" Attraction The High-Yield Halo of Bank Stocks Fades
For Moutai, the rise in dividend yield is not due to strong business growth. It is mainly because of its continued sluggish stock price, combined with a stable dividend policy, which has jointly pushed up the dividend yield, greatly increasing its appeal to income-focused investors.
An article from Wall Street Journal stated that Moutai's revenue in the first half of the year was 89.39 billion yuan, a year-on-year increase of 9.1%, with growth slowing; net profit attributable to shareholders was 45.4 billion yuan, a year-on-year increase of 8.89%.
On the other hand, traditional high-yield sectors—bank stocks—are reducing their dividend attractiveness due to their strong stock price performance.
The decline in the Agricultural Bank of China's dividend yield may prompt dividend-focused traders to turn their attention to Moutai and other consumer staple companies that have been overlooked by the market, such as Luzhou Laojiao.
Data shows that among the constituents of the CSI 300 Index, 65 companies have a dividend yield higher than that of the Agricultural Bank of China, and most of them do not belong to the banking sector. This indicates that investors' dividend strategies may be transcending traditional banking sectors in search of new value targets
