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As global markets navigate mixed economic signals and inflation trends, the Hong Kong market has shown resilience with the Hang Seng Index gaining 2.14%. In this context, dividend stocks can offer a stable income stream and potential for capital appreciation. When evaluating dividend stocks, it is essential to consider factors such as consistent earnings, strong cash flow, and a history of reliable dividend payments.
Top 10 Dividend Stocks In Hong Kong
| Name | Dividend Yield | Dividend Rating |
| Chongqing Rural Commercial Bank (SEHK:3618) | 8.49% | ★★★★★★ |
| Luk Fook Holdings (International) (SEHK:590) | 9.56% | ★★★★★☆ |
| Bank of China (SEHK:3988) | 7.55% | ★★★★★☆ |
| Chow Tai Fook Jewellery Group (SEHK:1929) | 8.73% | ★★★★★☆ |
| China Construction Bank (SEHK:939) | 8.02% | ★★★★★☆ |
| Sinopharm Group (SEHK:1099) | 5.41% | ★★★★★☆ |
| PC Partner Group (SEHK:1263) | 9.30% | ★★★★★☆ |
| Zhongsheng Group Holdings (SEHK:881) | 8.51% | ★★★★★☆ |
| Zhejiang Expressway (SEHK:576) | 7.04% | ★★★★★☆ |
| China Electronics Huada Technology (SEHK:85) | 9.91% | ★★★★★☆ |
Click here to see the full list of 73 stocks from our Top SEHK Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Essex Bio-Technology
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Essex Bio-Technology Limited is an investment holding company that develops, manufactures, distributes, and sells bio-pharmaceutical products in the People’s Republic of China, Hong Kong, and internationally with a market cap of HK$1.33 billion.
Operations: Essex Bio-Technology Limited generates revenue primarily from its Surgical segment (HK$871.44 million) and Ophthalmology segment (HK$747.39 million).
Dividend Yield: 5.1%
Essex Bio-Technology's dividend payments are well covered by both earnings (22.7% payout ratio) and cash flows (32.3% cash payout ratio), despite a history of volatility over the past decade. The company recently declared an interim dividend of HK$0.06 per share for H1 2024, amidst share repurchases aimed at enhancing net asset value and earnings per share. However, its current yield (5.13%) remains below the top tier in Hong Kong's market, and recent earnings showed a slight decline compared to last year.
Man Wah Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Man Wah Holdings Limited is an investment holding company involved in the manufacture, wholesale, trading, and distribution of sofas and ancillary products across China, Europe, Vietnam, Mexico, and internationally with a market cap of HK$17.72 billion.