COSCO SHIPPING International (Hong Kong), Maanshan Iron & Steel, and Sinotruk (Hong Kong) have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolio income over the past couple of months. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. If you’re a buy and hold investor, these healthy dividend stocks can generously contribute to your monthly portfolio income.

COSCO SHIPPING International (Hong Kong) Co., Ltd. (SEHK:517)

COSCO SHIPPING International (Hong Kong) Co., Ltd., an investment holding company, primarily provides integrated shipping services in the People’s Republic of China. The company currently employs 846 people and with the market cap of HKD HK$5.06B, it falls under the mid-cap category.

517 has a large dividend yield of 7.27% and the company currently pays out 77.37% of its profits as dividends . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Continue research on COSCO SHIPPING International (Hong Kong) here.

Maanshan Iron & Steel Company Limited (SEHK:323)

Maanshan Iron & Steel Company Limited manufactures and sells iron and steel products, and related by-products in the People’s Republic of China and internationally. Founded in 1953, and run by CEO Haifan Qian, the company currently employs 32,106 people and with the company’s market cap sitting at HKD HK$32.54B, it falls under the large-cap group.

323 has a large dividend yield of 5.32% and pays 27.68% of its earnings as dividends , with the expected payout in three years being 29.21%. Although investors would have seen a few years of reduced payments, it has picked up again, with dividends increasing from CN¥0.15 to CN¥0.20 over the past 10 years. Maanshan Iron & Steel’s earnings per share growth of 87.40% over the past 12 months outpaced the hk metals and mining industry’s average growth rate of 53.96%. Interested in Maanshan Iron & Steel? Find out more here.

Sinotruk (Hong Kong) Limited (SEHK:3808)

Sinotruk (Hong Kong) Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy duty trucks (HDTs), light duty trucks, buses, and related parts in Mainland China and internationally. Founded in 2007, and now led by CEO Dong Cai, the company provides employment to 24,819 people and with the market cap of HKD HK$33.13B, it falls under the large-cap stocks category.

3808 has a juicy dividend yield of 5.83% and is currently distributing 53.24% of profits to shareholders . While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from CN¥0.075 to CN¥0.70. Continue research on Sinotruk (Hong Kong) here.

For more solid dividend paying companies to add to your portfolio, explore this 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.