Exploring Ten Pao Group Holdings And Two More Leading Dividend Stocks

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Amid a backdrop of fluctuating global markets, Hong Kong's Hang Seng Index has shown resilience, gaining 3.11% recently. This positive movement in the market underscores the importance of considering dividend stocks, which can offer investors potential income stability and growth opportunities in varying economic climates.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

Chongqing Rural Commercial Bank (SEHK:3618)

8.10%

★★★★★★

CITIC Telecom International Holdings (SEHK:1883)

9.07%

★★★★★★

China Construction Bank (SEHK:939)

7.35%

★★★★★☆

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

9.16%

★★★★★☆

Playmates Toys (SEHK:869)

8.96%

★★★★★☆

China Mobile (SEHK:941)

6.50%

★★★★★☆

Bank of China (SEHK:3988)

6.44%

★★★★★☆

Sinopharm Group (SEHK:1099)

4.12%

★★★★★☆

Lion Rock Group (SEHK:1127)

7.38%

★★★★★☆

China Overseas Grand Oceans Group (SEHK:81)

7.43%

★★★★★☆

Click here to see the full list of 89 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Ten Pao Group Holdings

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

Overview: Ten Pao Group Holdings Limited operates as an investment holding company that develops, manufactures, and sells electric charging products across China, Asia, the US, Europe, Africa, and other international markets with a market capitalization of approximately HK$1.29 billion.

Operations: Ten Pao Group Holdings Limited generates its revenue primarily from Smart Chargers and Controllers (HK$1.67 billion), Telecommunication (HK$1.55 billion), New Energy Business (HK$0.76 billion), Lighting (HK$0.32 billion), and Media and Entertainment (HK$0.36 billion).

Dividend Yield: 9.9%

Ten Pao Group Holdings recently proposed a final ordinary dividend of HK$0.096 per share for FY 2023, reflecting a commitment to shareholder returns despite a drop in annual sales from HK$5.48 billion to HK$4.82 billion. The firm's net income, however, rose to HK$328.86 million from HK$296.9 million, supporting a basic EPS increase from HK$0.293 to HK$0.319. While the dividend track record is unstable with less than 10 years of payments and some volatility, the dividends are well-covered by earnings with a payout ratio of 38.9% and by cash flows at 72%.

SEHK:1979 Dividend History as at May 2024
SEHK:1979 Dividend History as at May 2024

Pak Fah Yeow International

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

Overview: Pak Fah Yeow International Limited, primarily operating under the Hoe Hin brand, is an investment holding company that manufactures, markets, and distributes healthcare products with a market capitalization of approximately HK$0.80 billion.