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One of the best paying dividend stock on our list is Dongfeng Motor Group. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Dongfeng Motor Group Company Limited (SEHK:489)
Dongfeng Motor Group Company Limited manufactures and sells commercial vehicles, passenger vehicles, and auto engines and parts in the People’s Republic of China. Started in 1969, and headed by CEO Shaozhu Li, the company currently employs 149,092 people and with the company’s market capitalisation at HKD HK$78.49B, we can put it in the large-cap category.
489 has a substantial dividend yield of 4.79% and distributes 21.44% of its earnings to shareholders as dividends . 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. Dig deeper into Dongfeng Motor Group here.
Wharf (Holdings) Limited (SEHK:4)
Founded in 1886, The Wharf (Holdings) Limited (Stock code: 0004) is a premier company with over HK$200 billion of total assets. Started in 1886, and now led by CEO Tin Hoi Ng, the company provides employment to 8,800 people and has a market cap of HKD HK$82.03B, putting it in the large-cap category.
4 has a juicy dividend yield of 5.90% and is paying out 22.05% of profits as dividends , with analysts expecting this ratio in three years to be 40.53%. 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. It should comfort potential investors that the company isn’t expensive when we look at its PE ratio compared to the HK Real Estate industry. Wharf (Holdings)’s PE ratio is 3.7 while its industry average is 6.9. Interested in Wharf (Holdings)? Find out more here.
Power Assets Holdings Limited (SEHK:6)
Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. Started in 1976, and run by CEO Chao Tsai, the company currently employs 11 people and with the company’s market capitalisation at HKD HK$149.29B, we can put it in the large-cap stocks category.
6 has a great dividend yield of 4.00% and is paying out 71.84% of profits as dividends , with analysts expecting the payout ratio in three years to be 77.57%. 6’s dividends have seen an increase over the past 10 years, with payments increasing from HK$2.01 to HK$2.80 in that time. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company recorded earnings growth of 29.64% in the past year, comparing favorably with the hk electric utilities industry average of 9.27%. Continue research on Power Assets Holdings here.