Amidst heightened global trade tensions and economic uncertainty, Asian markets have experienced significant volatility as countries like China respond to U.S. tariff hikes with their own measures. In such an environment, dividend stocks can offer a reliable income stream and potential stability, making them an attractive option for investors looking to bolster their portfolios against market fluctuations.
Top 10 Dividend Stocks In Asia
Name
Dividend Yield
Dividend Rating
Totech (TSE:9960)
4.31%
★★★★★★
Wuliangye YibinLtd (SZSE:000858)
3.90%
★★★★★★
CAC Holdings (TSE:4725)
5.11%
★★★★★★
Nihon Parkerizing (TSE:4095)
4.48%
★★★★★★
GakkyushaLtd (TSE:9769)
4.47%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: The People's Insurance Company (Group) of China Limited is an investment holding company offering insurance products and services in the People’s Republic of China and Hong Kong, with a market cap of HK$304.55 billion.
Operations: The People's Insurance Company (Group) of China Limited generates revenue through its main segments: Non-Life Insurance at CN¥527.07 billion, Life Insurance at CN¥61.01 billion, Health Insurance at CN¥32.62 billion, and Asset Management at CN¥4.25 billion.
Dividend Yield: 5.8%
People's Insurance Company (Group) of China's dividends are well-covered by earnings and cash flows, with payout ratios of 18.6% and 12.4%, respectively. However, the dividend history has been volatile and unreliable over the past decade, with recent decreases in payouts to RMB 0.117 per share for 2024. Despite this, the company reported strong earnings growth last year to CNY 42.87 billion but faces a forecasted decline in future earnings by an average of 3.3% annually over three years.
Overview: Shenzhen Jasic Technology Co., Ltd. focuses on the research, development, production, and sale of welding and cutting equipment both in China and internationally, with a market cap of CN¥5.23 billion.
Operations: Shenzhen Jasic Technology Co., Ltd. generates its revenue through the development, manufacturing, and sales of welding and cutting equipment across domestic and international markets.
Dividend Yield: 3.6%
Shenzhen Jasic Technology's dividend yield of 3.64% ranks in the top 25% of the CN market, yet its dividends have been volatile and unreliable over the past decade. Despite a reasonable payout ratio of 74.1%, high non-cash earnings and a cash payout ratio exceeding cash flows raise sustainability concerns. Recent earnings growth is notable, with net income rising to CNY 255.27 million for 2024, but dividends remain inadequately covered by free cash flow, posing risks for investors seeking stable income streams.
Overview: Fitipower Integrated Technology Inc. is a Taiwanese company specializing in the research, design, development, production, and sale of display screen integrated circuits (ICs) and power management ICs, with a market cap of NT$25.90 billion.
Operations: Fitipower Integrated Technology Inc. generates revenue of NT$19.20 billion from its research, production, and sales activities in the integrated circuits sector.
Dividend Yield: 5%
Fitipower Integrated Technology's dividend yield of 4.97% is among the top 25% in Taiwan, yet its historical volatility and unreliable payments pose challenges for income-focused investors. Despite a reasonable payout ratio of 63.7%, the high cash payout ratio of 258.9% indicates dividends are not well-covered by free cash flow, raising sustainability concerns. A recent board resolution declared a TWD 12.87 per share dividend for 2024, distributing TWD 1.56 billion to shareholders amidst ongoing private placements and proposed bylaw amendments.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SEHK:1339 SZSE:300193 and TWSE:4961.
