本报讯 “2006年上市之后连续6年分红，行情不好的今年依然大涨，5月底除权之后又向上跑了20%。”南京热心读者管恒建昨日向本报打来了电话说，金螳螂每年都分红，买了这种股票心里踏实，还有什么好怕的？

Report from our correspondent “Listed in 2006 for six years after dividends，Market bad this year still soar，At the end of may run up after except authority and 20%。”Nanjing enthusiastic reader built to our GuanHeng yesterday had called said，Gold mantis share out bonus every year，Bought the stock is steadfast in heart，And what good afraid of？

　　记者翻开金螳螂“阔绰”的分红历史，发现上市当年就每10股派现2元，2007年与2008年依然保持每10股派2元的水平，2009年提高到每10股派4元，之后的2010年与2011年继续每10股派现2元。而上市以来，金螳螂在6年中股价上涨了14倍。

Reporter opened the gold mantis“rich”History of share out bonus of，That the listed the every 10 shares now send $2，In 2007 and 2008 are still keep every 10 shares sent two yuan level，2009 years to improve every 10 shares sent $4，After the 2010 and 2011 continue to send every 10 shares now 2 yuan。And since listing，Gold mantis in six years the share prices of 14 times。

　　据Wind数据显示，从2005年至2011年，每年年报实施现金分红的公司分别达到了605家、698家、791家、834家、988家、1300家、1528家，分红家数明显呈现出逐年环比上升态势，连续5年都实施了年报公布的分红预案的公司数总计达到了448家。

According to data showed that Wind，From 2005 to 2011，Implementation of the annual report every year cash dividends are reached 605、698 home、791 home、834 home、988 home、1300 home、1528 home，Share out bonus number present a year after year obviously annulus comparing the rise，For five years is carried out for the annual report of the company announced share out bonus plan for total reached 448。

　　“过去5年里，A股市场分红的公司绝对数量和相对数量都逐渐上升，2010年实现分红的公司达到1300多家，占所有公司数量的65%，涉及总市值22万亿元，占总市值的85%。然而，分红收益并不算高，参与分红的股票平均每年分红收益略低于股价的1%。”东方证券首席策略分析师邵宇表示。

“Over the past five years，The A share market share out bonus company absolute number and relative quantity are rising gradually，2010 years to achieve the company share out bonus reached more than 1300 homes，The number of all the 65%，Involving total market value of 22 trillion yuan，Accounting for 85% of the total market value。however，Share out bonus income isn't high，Participate in the stock dividends per year on average income share out bonus is slightly lower than 1% of the share price。”Oriental securities chief strategy analysts ShaoYu said。

　　确实，随着政策加码，上市公司能够现金分红已经不属于“稀缺”，更具持续性与高股利支付率开始被市场追逐。《大众证券报》进一步统计发现，2007年至2011年这五年间连续分红，近三年股利支付率达到30%水平的并不多，两市仅有62只股票（详见B6版）。

really，As policy pyramid，The listed company to cash dividends have not belong to“scarce”，More sustainable and high dividend payment rate began to be market chase。《Public stock certificate report》Further statistics found，2007 to 2011 this five years continuous dividends，Nearly three years dividend payment rate reached 30% level is not much，Two city only 62 stocks（See B6 version）。

　　非常巧合的是金螳螂就位列其中，其它还有诸如盘江股份(600395,股吧)、康美药业(600518,股吧)、山东黄金(600547,股吧)、人福医药(600079,股吧)、隆平高科(000998,股吧)、格力电器(000651,股吧)等个股均是股价在这几年内涨幅超过500%。今年上证综指下跌1.40%，但上述62只股票中有46只获得正收益，占比超过七成。上海建工(600170,股吧)、宁波韵升(600366,股吧)、片仔癀(600436,股吧)、水井坊(600779,股吧)、复星医药(600196,股吧)在今年都是在逆势中上涨。

Very coincidence is gold mantis among them，Other and shares such as essay(600395,Shares it)、Sig pharmaceutical(600518,Shares it)、Shandong gold(600547,Shares it)、People f medicine(600079,Shares it)、Long flat high-tech(000998,Shares it)、Gree electric appliances(000651,Shares it)Individual stocks such as are in a few years the share prices rose more than 500%。This year, the Shanghai composite index dropped by 1.40%，But the 62 stock in 46 received only positive income，Accounting for more than seventy percent than。Shanghai construction(600170,Shares it)、Ningbo rhyme up(600366,Shares it)、Piece of seed Huang(600436,Shares it)、ShuiJingFang(600779,Shares it)、Consolidated medicine(600196,Shares it)In this year is rising in contrarian。

　　有统计数据显示，将2005年以来的上证指数和中证红利指数进行对比后发现，中证红利指数超额正收益高达71.64%。由此可以说明，中证红利指数这个组合是有效的。在大牛市中后期、小牛市后期和熊市前期均可以获得更高的超额正收益。

A statistical data shows，Since 2005, the Shanghai index and dividend index has found after comparison，Dividend index has excess positive income as high as 71.64%。This could explain，Enhanced dividend index this combination is effective。Big bull market in later period、Later the little bull market and the bear market all can get higher excess positive income。

　　“高派现也仅仅是一个单项指标，如果这些个股能同时满足快速的股本扩张与高成长性，那将是如虎添翼。”日信证券策略分析师付豪杰昨日向记者表示，高分红与高送转都存在投资机会，后者炒作的程度要强于前者，但一般的价值投资者更看重前者；从交易策略上讲，投资者还是要选择既能股本扩张又具有持续派发现金能力的标的。记者 徐海峰

“High sent now is only a single index，If these stocks can at the same time satisfy the rapid expansion of the equity and high growth，That will be the icing。”Th securities analysts believe strategy to reporters pay hero yesterday，High dividends and high sent around existing investment opportunities，The latter the extent of the hype is stronger than the former，But the general value investors more on the former；Tell from trading strategies，Investors or to choose can equity expansion and has continued ability of the mark of distributed cash。Reporter xu haifeng got