Exploring Three Dividend Stocks In Hong Kong For June 2024

In This Article:

As of June 2024, the Hong Kong market has shown resilience with the Hang Seng Index rising by 1.59%, reflecting a cautiously optimistic outlook among investors despite broader global economic uncertainties. In this context, dividend stocks in Hong Kong could appeal to those seeking potential stability and regular income streams from their investments.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

China Construction Bank (SEHK:939)

7.85%

★★★★★★

Agricultural Bank of China (SEHK:1288)

7.77%

★★★★★★

Chongqing Rural Commercial Bank (SEHK:3618)

8.90%

★★★★★★

CITIC Telecom International Holdings (SEHK:1883)

9.81%

★★★★★★

S.A.S. Dragon Holdings (SEHK:1184)

9.21%

★★★★★☆

China Electronics Huada Technology (SEHK:85)

7.84%

★★★★★☆

Playmates Toys (SEHK:869)

8.82%

★★★★★☆

Bank of China (SEHK:3988)

6.88%

★★★★★☆

China Mobile (SEHK:941)

6.51%

★★★★★☆

Sinopharm Group (SEHK:1099)

4.07%

★★★★★☆

Click here to see the full list of 89 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Kinetic Development Group

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Kinetic Development Group Limited operates as an investment holding company focused on the extraction and sale of coal products in the People's Republic of China, with a market capitalization of HK$7.76 billion.

Operations: Kinetic Development Group Limited generates its revenue primarily through the extraction and sale of coal products in China.

Dividend Yield: 8.3%

Kinetic Development Group's dividend yield of 8.28% ranks in the top quarter of Hong Kong dividend payers, but its history over seven years reveals an unstable and volatile pattern, with recent cuts to HK$0.05 per share as of May 2024. Despite this, dividends are well-supported with a payout ratio of 29.5% and a cash payout ratio at 50.9%, indicating a solid coverage by both earnings and cash flows. However, the company's short dividend history and recent decreases suggest caution for those seeking stable returns from dividends.

SEHK:1277 Dividend History as at Jun 2024
SEHK:1277 Dividend History as at Jun 2024

China Xinhua Education Group

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: China Xinhua Education Group Limited operates in the People's Republic of China, offering higher and secondary vocational education services with a market capitalization of approximately HK$1.19 billion.

Operations: China Xinhua Education Group Limited generates its revenue primarily from the provision of education services, totaling CN¥0.64 billion.