One of the best paying dividend stock on our list is CITIC Telecom International Holdings. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Here are other similar dividend stocks that could be valuable additions to your current holdings.

CITIC Telecom International Holdings Limited (SEHK:1883)

CITIC Telecom International Holdings Limited, an investment holding company, provides telecommunications services worldwide. Formed in 1997, and currently headed by CEO Zhenhui Lin, the company provides employment to 2,394 people and with the stock’s market cap sitting at HKD HK$7.34B, it comes under the mid-cap group.

1883 has a substantial dividend yield of 6.45% and their payout ratio stands at 52.07% , with analysts expecting this ratio to be 54.96% in the next three years. 1883 has increased its dividend from $0.04 to $0.13 over the past 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend.

Stella International Holdings Limited (SEHK:1836)

Stella International Holdings Limited develops, manufactures, and retails footwear products and leather goods for men and women. Established in 1982, and currently headed by CEO Li-Ming Chen, the company employs 67,000 people and with the company’s market cap sitting at HKD HK$9.13B, it falls under the mid-cap group.

1836 has an alluring dividend yield of 5.21% and the company currently pays out 76.71% of its profits as dividends , with the expected payout in three years being 78.11%. Despite there being some hiccups, dividends per share have increased during the past 10 years.

Texhong Textile Group Limited (SEHK:2678)

Texhong Textile Group Limited, an investment holding company, primarily manufactures and sells yarns, grey fabrics, and garment fabrics. Started in 1997, and headed by CEO Yongxiang Zhu, the company now has 39,051 employees and with the stock’s market cap sitting at HKD HK$9.50B, it comes under the mid-cap group.

2678 has an alluring dividend yield of 5.01% and their current payout ratio is 29.59% , with analysts expecting this ratio to be 29.92% in the next three years. Despite there being some hiccups, dividends per share have increased during the past 10 years.

For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.