Yahoo Finance TangShan Port GroupLtd And Two Other High Yield Dividend Stocks
As the Chinese market navigates mixed economic signals, with declining home prices yet a rise in retail sales, investors are closely monitoring opportunities that promise steady returns. In this context, high-yield dividend stocks like TangShan Port Group Ltd offer a compelling focus for those looking to potentially enhance portfolio stability amidst fluctuating market conditions.
Top 10 Dividend Stocks In China
Name | Dividend Yield | Dividend Rating |
Shandong Wit Dyne HealthLtd (SZSE:000915) | 6.58% | ★★★★★★ |
Midea Group (SZSE:000333) | 4.59% | ★★★★★★ |
Changhong Meiling (SZSE:000521) | 3.76% | ★★★★★★ |
Wuliangye YibinLtd (SZSE:000858) | 3.55% | ★★★★★★ |
Ping An Bank (SZSE:000001) | 7.13% | ★★★★★★ |
Inner Mongolia Yili Industrial Group (SHSE:600887) | 4.66% | ★★★★★★ |
Huangshan NovelLtd (SZSE:002014) | 5.78% | ★★★★★★ |
China South Publishing & Media Group (SHSE:601098) | 4.37% | ★★★★★★ |
Chacha Food Company (SZSE:002557) | 3.47% | ★★★★★★ |
Zhejiang Jiaxin SilkLtd (SZSE:002404) | 5.68% | ★★★★★★ |
Click here to see the full list of 232 stocks from our Top Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
TangShan Port GroupLtd
Simply Wall St Dividend Rating: ★★★★★☆
Overview: TangShan Port Group Co., Ltd operates in transportation and warehousing services within China, with a market capitalization of approximately CN¥26.90 billion.
Operations: TangShan Port Group Co., Ltd generates its revenue primarily from transportation and warehousing services within China.
Dividend Yield: 4.4%
TangShan Port Group Co., Ltd, with a price-to-earnings ratio of 13.8x, trades below the Chinese market average of 28.5x, suggesting good relative value. Its dividends, yielding 4.41%, rank in the top quartile in China and are supported by earnings and cash flows with payout ratios at 60.8% and 57.9% respectively. Despite this, the company's dividend track record over the past decade has been unstable with significant volatility noted in annual payments, indicating potential risks for dividend reliability moving forward.
Bank of Shanghai
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bank of Shanghai Co., Ltd. offers a range of banking products and services for individuals and businesses mainly across Mainland China, with a market capitalization of approximately CN¥105.56 billion.
Operations: Bank of Shanghai Co., Ltd. generates its revenue primarily through personal and corporate banking services across Mainland China.
Dividend Yield: 6.2%
Bank of Shanghai reported a slight increase in net income to CNY 6.15 billion for Q1 2024, maintaining stable earnings per share. The bank's dividends are well-covered by earnings with a conservative payout ratio of 30%, suggesting sustainability. However, its dividend history spans less than a decade, which may raise concerns about long-term reliability despite recent performance stability and forecasted earnings growth at 5.08% annually. Trading significantly below estimated fair value indicates potential investment attractiveness relative to its fundamentals and market positioning.
Midea Group
Simply Wall St Dividend Rating: ★★★★★★
Overview: Midea Group Co., Ltd. operates in the manufacturing and sale of home appliances as well as robotic and automation systems, serving both domestic and international markets, with a market capitalization of approximately CN¥448.00 billion.
Operations: Midea Group Co., Ltd. generates its revenue primarily from the production and international sale of home appliances, along with robotic and automation systems.
Dividend Yield: 4.6%
Midea Group's dividends, with a 59.3% payout ratio from earnings and a 36.6% cash payout ratio, indicate sustainable distributions backed by both profits and cash flows. Trading at a discount of 10.6% below its estimated value and with analysts predicting a price increase of 24.9%, the stock shows potential upside while offering an attractive dividend yield of 4.59%, ranking in the top quartile within China's market context. Recent product launches like the EVOX G3 heat pump underline Midea’s innovation focus, possibly enhancing future revenue streams despite its already solid financial performance, including an annual earnings growth rate of 8.7%.
Summing It All Up
Unlock more gems! Our Top Dividend Stocks screener has unearthed 229 more companies for you to explore.Click here to unveil our expertly curated list of 232 Top Dividend Stocks.
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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:601000 SHSE:601229 and SZSE:000333.
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