Yahoo Finance Exploring Three Leading Dividend Stocks In China
As global markets navigate mixed signals, with some regions showing signs of economic recovery while others grapple with challenges, China's market presents a unique landscape for investors. Recent data indicates fluctuations in key sectors such as manufacturing and real estate, setting a complex backdrop for evaluating investment opportunities in dividend stocks. In this context, understanding the fundamentals that contribute to a good dividend stock—such as stable earnings, consistent payout histories, and strong financial health—is more crucial than ever. These attributes can provide investors with potential resilience amidst the broader market's uncertainties.
Top 10 Dividend Stocks In China
Name | Dividend Yield | Dividend Rating |
Shandong Wit Dyne HealthLtd (SZSE:000915) | 6.15% | ★★★★★★ |
Midea Group (SZSE:000333) | 4.60% | ★★★★★★ |
Changhong Meiling (SZSE:000521) | 3.41% | ★★★★★★ |
Wuliangye YibinLtd (SZSE:000858) | 3.28% | ★★★★★★ |
Inner Mongolia Yili Industrial Group (SHSE:600887) | 4.43% | ★★★★★★ |
Ping An Bank (SZSE:000001) | 6.54% | ★★★★★★ |
Huangshan NovelLtd (SZSE:002014) | 5.55% | ★★★★★★ |
China South Publishing & Media Group (SHSE:601098) | 4.16% | ★★★★★★ |
Chacha Food Company (SZSE:002557) | 3.16% | ★★★★★★ |
Zhejiang Jiaxin SilkLtd (SZSE:002404) | 5.25% | ★★★★★★ |
Click here to see the full list of 208 stocks from our Top Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Sumec
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sumec Corporation Limited operates in China, focusing on supply and industrial chain services with a market cap of approximately CN¥11.33 billion.
Operations: Sumec Corporation Limited generates its revenue primarily through supply and industrial chain services.
Dividend Yield: 3.8%
Sumec Corporation Limited, trading at a Price-To-Earnings ratio of 10.9x, offers a dividend yield of 3.81%, ranking in the top 25% in the Chinese market. Despite its attractive valuation relative to peers and a forecasted annual earnings growth of 19.27%, Sumec's dividend history over the past seven years shows volatility with significant drops exceeding 20%. The dividends are well-covered by both earnings and cash flows, with payout ratios at 41.2% and cash payout ratios at 40.5%, respectively. Recent financials indicate stable earnings growth with Q1 net income rising to CNY 265.87 million from CNY253 million year-over-year.
TangShan Port GroupLtd
Simply Wall St Dividend Rating: ★★★★★☆
Overview: TangShan Port Group Co., Ltd operates in transportation and warehousing services in China, with a market capitalization of approximately CN¥25.24 billion.
Operations: TangShan Port Group Co., Ltd primarily generates its revenue from transportation and warehousing services within China.
Dividend Yield: 4.7%
TangShan Port Group Co., Ltd, with a Price-To-Earnings ratio of 12.9x below the CN market average of 29.5x, offers a dividend yield of 4.69%, placing it in the top quartile of Chinese dividend payers. Despite this attractive yield and coverage by earnings and cash flows (payout ratios at 60.8% and 57.9%, respectively), the company's dividend track record over the past decade has been unstable, marked by significant volatility including drops over 20%. Recent earnings show growth, with net income rising to CNY 541.21 million in Q1 from CNY 516.35 million year-over-year, supporting potential sustainability in its dividend payments.
HangZhou Everfine Photo-e-info
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HangZhou Everfine Photo-e-info Co., Ltd. specializes in the development and manufacture of various photoelectric, biometric, infrared, UV, EMC, and DNA diagnosis products within China, with a market capitalization of approximately CN¥2.64 billion.
Operations: HangZhou Everfine Photo-e-info Co., Ltd. generates its revenue from the sale of photoelectric, biometric, infrared, UV, EMC, and DNA diagnosis products across China.
Dividend Yield: 3.1%
HangZhou Everfine Photo-e-info Co., Ltd. has demonstrated a mixed performance in its dividend offerings, with a current yield of 3.05%, ranking it well within the top 25% of Chinese dividend stocks. However, its dividend history is marred by volatility over the past decade, including significant fluctuations in annual payouts. The dividends are supported by both earnings and cash flows with payout ratios at 88.2% and 56.7%, respectively, indicating reasonable coverage despite the company's unstable track record in consistent payments. Recent corporate activities include a final cash dividend announcement for A shares at CNY3 per 10 shares payable on May 21, 2024, following approval changes to company bylaws during their latest AGM on May 10, 2024.
Where To Now?
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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 SHSE:600710 SHSE:601000 and SZSE:300306.
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