What do you mean by low dividend?
The full name of dividend low wave is CSI dividend low volatility index. Fifty securities with good liquidity, continuous dividends, moderate dividend payout ratio, positive dividend growth per share, high dividend yield and low volatility are selected as index samples, and the overall performance of securities with high dividend level and low volatility is reflected by dividend yield weighting.
According to the compilation rules, the fluctuation of dividend low wave index is lower than other indexes, and it has certain resilience in theory. At present, there are three index funds corresponding to the dividend low wave index, namely, Zhongchuang Gold and Xinzhong Securities Dividend Low Wave Index, Huatai Bairui Securities Dividend Low Wave ETF and Huatai Bairui Securities Dividend Low Wave ETF.
So far, the constituent stocks with low dividends are:
Minsheng Bank, Zhejiang Electric Power, Huaneng Hydropower, Poly Real Estate, Jianfa, Shanghai Construction Engineering, Yanzhou Coal Industry, Sunshine Lighting, Nangang, Huatai, Fahua, Huaxia Happiness, Huayang, Shandong Expressway, Nanjing-Shanghai Expressway, Panjiang, Blu-ray Development, Qianjin Pharmaceutical, Jichuan Pharmaceutical, Conch, Greenland Holdings, Shenneng, Chuantou Energy and Zhong Da Products. Industrial Bank, Bank of Beijing, Agricultural Bank, Bank of Communications, Industrial and Commercial Bank of China, China Everbright Bank, Chengdu Bank, Phoenix Media, China Construction Bank, China Bank, Wujin Stainless, Vanke A, OCT A, Jinke, suning universal, China Merchants Shekou, Winbond Health, Open-pit Coal Industry, Rong Sheng Development, Tapai Group.