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Lonking Holdings is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Lonking Holdings Limited (SEHK:3339)
Lonking Holdings Limited, an investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China. Established in 1993, and currently lead by San Yim Li, the company now has 6,284 employees and with the company’s market cap sitting at HKD HK$13.95B, it falls under the large-cap group.
3339 has an appealing dividend yield of 4.91% and the company currently pays out 23.13% of its profits as dividends , with analysts expecting the payout ratio in three years to be 48.66%. Despite some volatility in the yield, DPS has risen in the last 10 years from CN¥0.063 to CN¥0.16. Continue research on Lonking Holdings here.
Xinyi Glass Holdings Limited (SEHK:868)
Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. Started in 1988, and currently run by Ching Sai Tung, the company size now stands at 11,840 people and with the market cap of HKD HK$44.28B, it falls under the large-cap category.
868 has a large dividend yield of 4.36% and pays 47.46% of it’s earnings as dividends , with the expected payout in three years being 47.49%. 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. If analysts are correct, Xinyi Glass Holdings has some strong future growth on the horizon with an expected increase in EPS of 50.16% over the next three years. Dig deeper into Xinyi Glass Holdings here.
Agile Group Holdings Limited (SEHK:3383)
Agile Group Holdings Limited, an investment holding company, engages in the property development, property management, hotel, property investment, and environmental protection businesses in the People’s Republic of China. Founded in 1985, and run by CEO Zhuo Chen, the company size now stands at 17,602 people and with the company’s market capitalisation at HKD HK$61.73B, we can put it in the large-cap stocks category.