Top 3 SEHK Dividend Stocks To Watch In August 2024

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As global markets experience heightened volatility and economic data from the U.S. indicates a cooling labor market, investors are increasingly looking towards stable income sources. In this context, dividend stocks on the Hong Kong Stock Exchange (SEHK) present an attractive option for those seeking consistent returns amidst uncertainty. A good dividend stock typically offers a reliable payout history, strong financial health, and resilience in fluctuating market conditions. Given current events, these qualities are particularly valuable for maintaining portfolio stability.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

Chongqing Rural Commercial Bank (SEHK:3618)

8.40%

★★★★★★

Lenovo Group (SEHK:992)

3.91%

★★★★★☆

Luk Fook Holdings (International) (SEHK:590)

9.01%

★★★★★☆

China Construction Bank (SEHK:939)

8.18%

★★★★★☆

Chow Tai Fook Jewellery Group (SEHK:1929)

8.35%

★★★★★☆

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

9.54%

★★★★★☆

China Resources Land (SEHK:1109)

6.99%

★★★★★☆

Bank of China (SEHK:3988)

7.82%

★★★★★☆

China Mobile (SEHK:941)

6.84%

★★★★★☆

Sinopharm Group (SEHK:1099)

5.07%

★★★★★☆

Click here to see the full list of 82 stocks from our Top SEHK Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Xtep International Holdings

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

Overview: Xtep International Holdings Limited designs, develops, manufactures, and markets sports footwear, apparel, and accessories for adults and children in China with a market cap of HK$11.91 billion.

Operations: Xtep International Holdings Limited generates revenue from three main segments: Mass Market (CN¥11.95 billion), Fashion Sports (CN¥1.60 billion), and Professional Sports (CN¥795.53 million).

Dividend Yield: 4.6%

Xtep International Holdings has shown an 11.6% annual earnings growth over the past five years, with a dividend payout ratio of 48.8%, indicating dividends are well covered by earnings. Although its dividend yield of 4.62% is lower than top-tier payers in Hong Kong, dividends have increased over the past decade despite some volatility. Recently, Xtep announced a special dividend of HK$1.18 billion, reflecting strong cash flow coverage and shareholder returns commitment.

SEHK:1368 Dividend History as at Aug 2024

AsiaInfo Technologies

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

Overview: AsiaInfo Technologies Limited, with a market cap of HK$4.38 billion, provides telecom software products and related services across various industries including communications, government affairs, finance, energy, transportation, and postal sectors primarily in the People's Republic of China.