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The Hong Kong market has shown resilience, with the Hang Seng Index up 1.99% amidst mixed economic signals from China. As investors navigate these conditions, dividend stocks remain a compelling option for those seeking steady income and potential growth. In this article, we will explore three top dividend stocks on the SEHK for August 2024 that stand out due to their robust yield and stability in an uncertain market environment.
Top 10 Dividend Stocks In Hong Kong
| Name | Dividend Yield | Dividend Rating |
| Luk Fook Holdings (International) (SEHK:590) | 9.13% | ★★★★★☆ |
| China Construction Bank (SEHK:939) | 7.70% | ★★★★★☆ |
| China Overseas Grand Oceans Group (SEHK:81) | 9.70% | ★★★★★☆ |
| China Electronics Huada Technology (SEHK:85) | 9.55% | ★★★★★☆ |
| Chongqing Rural Commercial Bank (SEHK:3618) | 7.96% | ★★★★★☆ |
| China Resources Land (SEHK:1109) | 6.95% | ★★★★★☆ |
| S.A.S. Dragon Holdings (SEHK:1184) | 8.86% | ★★★★★☆ |
| Zhongsheng Group Holdings (SEHK:881) | 8.61% | ★★★★★☆ |
| Bank of China (SEHK:3988) | 7.28% | ★★★★★☆ |
| Sinopharm Group (SEHK:1099) | 4.87% | ★★★★★☆ |
Click here to see the full list of 85 stocks from our Top SEHK Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
China Communications Services
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: China Communications Services Corporation Limited provides telecommunications support services worldwide and has a market cap of HK$28.54 billion.
Operations: China Communications Services Corporation Limited generates CN¥148.61 billion from its Provision of Integrated Comprehensive Solutions segment.
Dividend Yield: 5.8%
China Communications Services' dividend payments have been volatile over the past decade, with recent news highlighting a final dividend of HK$0.23864 per share for 2023. Despite this volatility, the company maintains a low payout ratio (42%) and cash payout ratio (36.4%), indicating dividends are well covered by earnings and cash flows. Recent executive changes include Mr. Shen Aqiang's appointment as Executive Director and CFO, potentially impacting future financial strategies.
China Telecom
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: China Telecom Corporation Limited, along with its subsidiaries, offers wireline and mobile telecommunications services mainly in the People’s Republic of China and has a market cap of approximately HK$572.52 billion.
Operations: China Telecom Corporation Limited generates revenue of CN¥512.75 billion from its integrated telecommunications business.