As global markets face challenges such as declining consumer confidence and trade tensions, Asian economies are navigating these complexities with their own set of hurdles and opportunities. In this environment, dividend stocks can offer a measure of stability and income potential for investors seeking to weather market volatility. A good dividend stock typically demonstrates a strong balance sheet, consistent cash flow, and the ability to maintain or grow payouts even during uncertain economic times.
Top 10 Dividend Stocks In Asia
Name
Dividend Yield
Dividend Rating
Chongqing Rural Commercial Bank (SEHK:3618)
8.52%
★★★★★★
Wuliangye YibinLtd (SZSE:000858)
3.97%
★★★★★★
Tsubakimoto Chain (TSE:6371)
4.14%
★★★★★★
Daito Trust ConstructionLtd (TSE:1878)
3.94%
★★★★★★
Nissan Chemical (TSE:4021)
3.87%
★★★★★★
GakkyushaLtd (TSE:9769)
4.31%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: Xingfa Aluminium Holdings Limited is an investment holding company involved in the manufacture and sale of construction and industrial aluminium profiles in the People’s Republic of China, with a market cap of HK$3.05 billion.
Operations: Xingfa Aluminium Holdings Limited generates revenue primarily from its construction aluminium profiles segment, amounting to CN¥14.42 billion, and its industrial aluminium profiles segment, which contributes CN¥2.79 billion.
Dividend Yield: 8.5%
Xingfa Aluminium Holdings offers a compelling dividend yield of 8.51%, positioning it in the top 25% of dividend payers in the Hong Kong market. The company's dividends are well covered by both earnings and cash flows, with payout ratios of 26.5% and 26.1%, respectively, indicating sustainability. However, its dividend track record has been volatile over the past decade, which may concern investors seeking consistent income streams despite recent profit growth of 124.5%.
Overview: S & J International Enterprises Public Company Limited, along with its subsidiaries, is engaged in the manufacturing and distribution of cosmetic products both in Thailand and internationally, with a market cap of THB5.85 billion.
Operations: S & J International Enterprises generates revenue through the manufacturing and distribution of cosmetic products in both domestic and international markets.
Dividend Yield: 5.8%
S & J International Enterprises' dividend yield of 5.77% is stable and has grown over the past decade, yet it falls short of the top 25% in Thailand. The proposed THB 1.50 per share dividend represents a high payout ratio of 86.4%, covered by earnings but not by free cash flows, which raises sustainability concerns. Recent financial results show declining revenue and net income, potentially impacting future dividend reliability amidst recent board changes and strategic amendments.
Overview: First Resources Limited is an investment holding company involved in palm oil production across Singapore, Indonesia, Europe, China, and other international markets with a market capitalization of SGD2.46 billion.
Operations: First Resources Limited generates revenue primarily from its Plantations and Palm Oil Mills segment, contributing $923.53 million, and its Refinery and Processing segment, which adds $819.81 million.
Dividend Yield: 6.1%
First Resources Limited's proposed dividend of 6.30 Singapore cents per share reflects its position in the top 25% of SG market dividend payers, though its high cash payout ratio (194%) raises sustainability concerns. Despite a low payout ratio (45.4%) suggesting earnings coverage, volatile dividends over the past decade and insufficient free cash flow coverage highlight potential risks. Recent financials show strong earnings growth to US$245.79 million, supporting current payouts despite forecasted declines in future earnings.
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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 SEHK:98 SET:S&J and SGX:EB5.
