---
title: "The logic of high dividend allocation is marginally strengthening, and the S&P Dividend ETF closed up 0.28%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231328106.md"
description: "On March 11th, the S&P Dividend ETF closed up 0.28%, with a trading volume of 29.4528 million yuan. The performance of constituent stocks was mixed, with Chongqing Department Store and YONGXING MATERIALS rising, while Aopu Technology and Quartz Shares fell. Huatai Securities pointed out that the logic of high dividend allocation is marginally strengthening, mainly influenced by overseas disturbances, calendar effects, and long-term capital inflows. It is expected that tariffs will become a key point in early April, potentially triggering a demand for capital hedging"
datetime: "2025-03-11T07:14:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231328106.md)
  - [en](https://longbridge.com/en/news/231328106.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231328106.md)
---

# The logic of high dividend allocation is marginally strengthening, and the S&P Dividend ETF closed up 0.28%

On March 11, the S&P Dividend ETF closed up 0.28%, with a transaction volume of 29.4528 million yuan. The constituent stocks showed mixed performance; on the upside, Chongqing Department Store led the gains, followed by YONGXING MATERIALS; on the downside, Aopu Technology led the declines, with Quartz Co. following. Huatai Securities pointed out that a style switch may take some time, but the logic of high dividend allocation is marginally strengthening, due to: 1) Overseas disturbances are resurfacing. Last week, the shadow of Trump's tariffs re-emerged, triggering a global risk-off sentiment, with some funds flowing into high dividend sectors under the influence of risk aversion; looking ahead, early April will be a critical point for tariffs, at which time there may also be a demand for risk aversion; 2) The calendar effect shows a high probability of high dividends outperforming from after the Two Sessions until the end of April. Since 2013, the dividend index has achieved a win rate of 60% from after the Two Sessions to the end of April, which is relatively high among all major stock indices; 3) In addition, the advantages of certain long-term capital inflows and high allocation cost-effectiveness remain

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