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Hong Kong Ferry (Holdings), Wasion Group Holdings, and I.T 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 an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. If you’re a buy and hold investor, these healthy dividend stocks can generously contribute to your monthly portfolio income.
Hong Kong Ferry (Holdings) Company Limited (SEHK:50)
Hong Kong Ferry (Holdings) Company Limited, an investment holding company, primarily engages in the property development and investment business in Hong Kong. Formed in 1923, and now led by CEO , the company size now stands at 200 people and with the stock’s market cap sitting at HKD HK$3.19B, it comes under the mid-cap category.
50 has a great dividend yield of 4.02% and their current payout ratio is 45.38% . The company’s dividends per share have risen from HK$0.34 to HK$0.36 over the last 10 years. It should comfort existing and potential future shareholders to know that 50 hasn’t missed a payment during this time. The company outperformed the hk real estate industry’s earnings growth of 33.84%, reporting an EPS growth of 86.25% over the past 12 months. More on Hong Kong Ferry (Holdings) here.
Wasion Group Holdings Limited (SEHK:3393)
Wasion Group Holdings Limited, an investment holding company, researches, develops, produces, and sells energy metering and energy efficiency management for energy supply industries in the People’s Republic of China and internationally. Formed in 2000, and headed by CEO Zhao Hui Cao, the company size now stands at 4,029 people and with the stock’s market cap sitting at HKD HK$4.01B, it comes under the mid-cap stocks category.
3393 has an appealing dividend yield of 6.02% and distributes 78.43% of its earnings to shareholders as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from CN¥0.077 to CN¥0.24. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Interested in Wasion Group Holdings? Find out more here.
I.T Limited (SEHK:999)
I.T Limited, an investment holding company, engages in retailing and trading fashion wear and accessories. Founded in 1988, and run by CEO Kar Wai Sham, the company provides employment to 6,536 people and with the market cap of HKD HK$4.35B, it falls under the mid-cap category.
999 has a sizeable dividend yield of 3.57% and is distributing 46.58% of earnings as dividends . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from HK$0.042 to HK$0.13 over the past 10 years. Analysts are enthusiastic about the company’s future growth, estimating a 83.33% earnings per share increase in the next three years. Continue research on I.T here.