Top Three Dividend Stocks In Hong Kong For June 2024

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As global markets navigate through varying economic signals, Hong Kong's stock market has shown resilience amidst a challenging environment marked by slowing growth and foreign selling pressures. In this context, dividend stocks in Hong Kong could appeal to investors looking for potential stability and income generation in their portfolios.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

Chongqing Rural Commercial Bank (SEHK:3618)

8.09%

★★★★★★

CITIC Telecom International Holdings (SEHK:1883)

9.66%

★★★★★★

China Construction Bank (SEHK:939)

7.45%

★★★★★☆

S.A.S. Dragon Holdings (SEHK:1184)

8.86%

★★★★★☆

China Electronics Huada Technology (SEHK:85)

8.33%

★★★★★☆

Playmates Toys (SEHK:869)

8.96%

★★★★★☆

Bank of China (SEHK:3988)

6.60%

★★★★★☆

China Mobile (SEHK:941)

6.20%

★★★★★☆

Sinopharm Group (SEHK:1099)

4.24%

★★★★★☆

International Housewares Retail (SEHK:1373)

8.96%

★★★★★☆

Click here to see the full list of 86 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

CITIC Telecom International Holdings

Simply Wall St Dividend Rating: ★★★★★★

Overview: CITIC Telecom International Holdings Limited operates globally, providing international telecommunications services with a market capitalization of approximately HK$9.70 billion.

Operations: CITIC Telecom International Holdings Limited generates its revenue primarily from international telecommunications services.

Dividend Yield: 9.7%

CITIC Telecom International Holdings offers a compelling dividend profile with a high yield of HK$9.66%, ranking in the top 25% in Hong Kong. Its dividends have shown stability and growth over the past decade, supported by earnings and cash flows with payout ratios of 76% and 59.6%, respectively. The company recently expanded its service agreements, potentially bolstering future stability and growth avenues through new framework agreements with CITIC Group for various telecommunications services until 2027.

SEHK:1883 Dividend History as at Jun 2024
SEHK:1883 Dividend History as at Jun 2024

Dawnrays Pharmaceutical (Holdings)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Dawnrays Pharmaceutical (Holdings) Limited is an investment holding company that specializes in developing, manufacturing, and selling non-patented pharmaceutical medicines both in Mainland China and internationally, with a market capitalization of approximately HK$1.82 billion.