In This Article:
A great investment for income investors with a long time horizon is in dividend-paying companies like CITIC Telecom International Holdings. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. 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 run by CEO Zhenhui Lin, the company employs 2,464 people and with the company’s market capitalisation at HKD HK$8.44B, we can put it in the mid-cap group.
1883 has an alluring dividend yield of 6.72% and is paying out 64.28% of profits as dividends , and analysts are expecting the payout ratio in three years to hit 64.71%. In the last 10 years, shareholders would have been happy to see the company increase its dividend from HK$0.041 to HK$0.16. They have been consistent too, not missing a payment during this 10 year period. More detail on CITIC Telecom International Holdings here.
Stella International Holdings Limited (SEHK:1836)
Stella International Holdings Limited develops, manufactures, and retails footwear products and leather goods for men and women. Formed in 1982, and headed by CEO Li-Ming Chen, the company provides employment to 67,000 people and with the market cap of HKD HK$8.94B, it falls under the mid-cap stocks category.
1836 has an alluring dividend yield of 5.32% and their payout ratio stands at 76.71% , with analysts expecting a 77.67% payout in three years. Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from US$0.60 to US$0.60. Continue research on Stella International Holdings here.
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 currently lead by Yongxiang Zhu, the company employs 39,051 people and with the market cap of HKD HK$9.53B, it falls under the mid-cap category.
2678 has a great dividend yield of 4.99% and is paying out 29.59% of profits as dividends , with the expected payout in three years hitting 29.90%. Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again. More on Texhong Textile Group here.