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Exploring Samyang Holdings And Two More Top Dividend Stocks On The KRX

The South Korean market has shown promising growth, rising 1.1% over the past week and achieving a 3.7% increase over the last year, with earnings expected to grow by 29% annually. In this buoyant environment, dividend stocks like Samyang Holdings offer potential for steady income, making them an attractive option for investors looking to capitalize on current market conditions.

Top 10 Dividend Stocks In South Korea

Name

Dividend Yield

Dividend Rating

Kia (KOSE:A000270)

4.56%

★★★★★★

NH Investment & Securities (KOSE:A005940)

6.77%

★★★★★☆

Shinhan Financial Group (KOSE:A055550)

4.47%

★★★★★☆

Industrial Bank of Korea (KOSE:A024110)

7.36%

★★★★★☆

KT (KOSE:A030200)

5.49%

★★★★★☆

LOTTE Fine Chemical (KOSE:A004000)

4.31%

★★★★★☆

KB Financial Group (KOSE:A105560)

3.78%

★★★★★☆

Kyung Nong (KOSE:A002100)

4.89%

★★★★★☆

Snt DynamicsLtd (KOSE:A003570)

3.66%

★★★★☆☆

Tong Yang Life Insurance (KOSE:A082640)

8.00%

★★★★☆☆

Click here to see the full list of 68 stocks from our Top KRX Dividend Stocks screener.

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Let's take a closer look at a couple of our picks from the screened companies.

Samyang Holdings

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Samyang Holdings Corporation operates in various sectors including chemicals, food, packaging, and pharmaceuticals across regions such as South Korea, China, Japan, other Asian countries, and Europe with a market capitalization of approximately ₩555.17 billion.

Operations: Samyang Holdings Corporation generates revenue through its involvement in the chemical, food, packaging, and pharmaceutical sectors across multiple regions including South Korea, China, Japan, and Europe.

Dividend Yield: 4.8%

Samyang Holdings has demonstrated a robust financial performance with significant earnings growth, reporting a net income increase to ₩27.89 billion in Q1 2024 from ₩18.55 billion the previous year. Despite its relatively short dividend history of less than 10 years, the company maintains a low payout ratio of 15.5% and cash payout ratio of 24.4%, ensuring dividends are well-covered by both earnings and cash flows. However, investors should note the unstable track record in dividend payments alongside large one-off items impacting financial results, which may raise concerns about sustainability and reliability moving forward.

KOSE:A000070 Dividend History as at Jun 2024
KOSE:A000070 Dividend History as at Jun 2024

NICE Information Service

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: NICE Information Service Co., Ltd., based in South Korea, offers services including credit evaluation, inquiries, investigations, and debt collection, with a market capitalization of approximately ₩644.64 billion.

Operations: NICE Information Service Co., Ltd. generates its revenue from services such as credit evaluation, inquiries, investigations, and debt collection in South Korea.

Dividend Yield: 3.8%

NICE Information Service Co., Ltd. reported a 27.5% increase in Q1 2024 net income to KRW 17.63 billion, with earnings per share rising from KRW 233 to KRW 296. Despite a short dividend history of less than ten years, the company's dividend yield stands at a competitive 3.76%, above the market average of 3.45%. Dividends are well-supported with a payout ratio of 40.6% and cash payout ratio of 39%, indicating sustainability from both earnings and cash flow perspectives. However, its track record in consistent dividend growth is yet to be established firmly due to its recent initiation into dividend payments just five years ago.

KOSE:A030190 Dividend History as at Jun 2024
KOSE:A030190 Dividend History as at Jun 2024

SNT Holdings

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: SNT Holdings Co., Ltd. operates in the auto parts and industrial facilities sectors, with a market capitalization of approximately ₩322.45 billion.

Operations: SNT Holdings Co., Ltd. generates revenue from its operations in the auto parts sector and industrial facilities.

Dividend Yield: 3.6%

SNT Holdings, with a dividend yield of 3.59%, ranks in the top 25% of South Korean dividend payers. Despite its appealing price-to-earnings ratio of 3.7x, significantly below the market average, the company's dividend history is marred by volatility and unreliability over its short span of less than ten years. Its dividends are well-covered by both earnings and cash flows, with payout ratios at 13.4% and cash payout ratios at 5.7%, respectively; however, consistency in growth remains uncertain due to fluctuations in annual payments.

KOSE:A036530 Dividend History as at Jun 2024
KOSE:A036530 Dividend History as at Jun 2024

Taking Advantage

  • Unlock more gems! Our Top KRX Dividend Stocks screener has unearthed 65 more companies for you to explore.Click here to unveil our expertly curated list of 68 Top KRX Dividend Stocks.

  • Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.

  • Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Contemplating Other Strategies?

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 KOSE:A000070 KOSE:A030190KOSE:A036530

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com