Exploring Dividend Stocks On The KRX Including GOLFZON NEWDIN HOLDINGS And Two Others
The South Korean market has experienced a 2.0% decline over the past week and has remained flat over the last 12 months, although earnings are forecast to grow by 29% annually. In this context, dividend stocks such as GOLFZON NEWDIN HOLDINGS can offer investors potential stability and income, making them an appealing option amidst fluctuating market conditions.
Top 10 Dividend Stocks In South Korea
Name | Dividend Yield | Dividend Rating |
Kia (KOSE:A000270) | 4.69% | ★★★★★★ |
Shinhan Financial Group (KOSE:A055550) | 4.61% | ★★★★★☆ |
KT (KOSE:A030200) | 5.44% | ★★★★★☆ |
KB Financial Group (KOSE:A105560) | 3.95% | ★★★★★☆ |
LOTTE Fine Chemical (KOSE:A004000) | 4.21% | ★★★★★☆ |
Cheil Worldwide (KOSE:A030000) | 5.93% | ★★★★☆☆ |
Snt DynamicsLtd (KOSE:A003570) | 3.57% | ★★★★☆☆ |
Samyang (KOSE:A145990) | 3.54% | ★★★★☆☆ |
Korea Cast Iron Pipe Ind (KOSE:A000970) | 5.85% | ★★★★☆☆ |
Hansae Yes24 Holdings (KOSE:A016450) | 5.33% | ★★★★☆☆ |
Click here to see the full list of 66 stocks from our Top KRX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
GOLFZON NEWDIN HOLDINGS
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: GOLFZON NEWDIN HOLDINGS Co., Ltd. operates in the golf, sports, health, and lifestyle sectors both domestically and internationally, with a market capitalization of approximately ₩152.98 billion.
Operations: GOLFZON NEWDIN HOLDINGS Co., Ltd. generates revenue primarily from its involvement in the golf, sports, health, and lifestyle industries across various global markets.
Dividend Yield: 4.6%
GOLFZON NEWDIN HOLDINGS, with a dividend yield of 4.56%, ranks in the top 25% of Korean dividend payers. Despite a short history of dividends, only five years, payments have shown growth and stability. The company maintains a low payout ratio at 22.8% and cash payout ratio at 49.7%, indicating dividends are well-covered by earnings and cash flows. However, recent financials reveal challenges: Q1 sales slightly increased to KRW 10.24 billion from KRW 10.07 billion year-over-year, but net income significantly dropped to KRW 3.27 billion from KRW 10.10 billion, reflecting decreased profitability with margins falling from last year's 17.1% to this year's 7.3%.
WINS
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: WINS Co., Ltd. operates in South Korea, offering information security solutions and services with a market capitalization of approximately ₩163.20 billion.
Operations: WINS Co., Ltd. generates its revenues primarily through the provision of information security solutions and services.
Dividend Yield: 3.7%
WINS Co., Ltd, while a newer entrant with only five years of dividend history, shows promising signs with its dividends covered adequately by both earnings and cash flows, sporting payout ratios of 26.5% and 29.4% respectively. The company’s dividend yield stands at 3.73%, placing it in the top quartile of Korean dividend payers. However, its short dividend history and recent share buyback program aimed to stabilize share prices suggest caution regarding long-term sustainability.
Delve into the full analysis dividend report here for a deeper understanding of WINS.
Our expertly prepared valuation report WINS implies its share price may be lower than expected.
KT
Simply Wall St Dividend Rating: ★★★★★☆
Overview: KT Corporation is a provider of integrated telecommunications and platform services both in Korea and internationally, with a market capitalization of approximately ₩9.03 trillion.
Operations: KT Corporation's revenue is derived from its integrated telecommunications and platform services, both domestically and globally.
Dividend Yield: 5.4%
KT Corporation's recent performance indicates a robust increase in quarterly revenue and net income, with figures rising from KRW 6.44 billion to KWR 6.65 billion and KRW 296.60 million to KRW 375.50 million respectively as of Q1 2024. Despite a volatile dividend history over the last decade, KT maintains a reasonable payout ratio of 56.7%, with dividends well-covered by earnings and cash flows (cash payout ratio at 23.7%). The company declared a stable quarterly dividend of KRW 500 per share for Q1, aligning with its commitment to returning value to shareholders, though its past record suggests potential variability in future payouts.
Key Takeaways
Investigate our full lineup of 66 Top KRX Dividend Stocks right here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include KOSDAQ:A121440 KOSDAQ:A136540 and KOSE:A030200.
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