Top Dividend Stocks On SEHK For August 2024

In This Article:

As global markets show signs of recovery and investor sentiment improves, the Hong Kong market has also seen a positive uptick, with the Hang Seng Index gaining 1.99% recently. In this environment, dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive option for investors seeking stability amidst market fluctuations.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

Consun Pharmaceutical Group (SEHK:1681)

9.95%

★★★★★☆

Luk Fook Holdings (International) (SEHK:590)

9.54%

★★★★★☆

Chow Tai Fook Jewellery Group (SEHK:1929)

8.37%

★★★★★☆

China Construction Bank (SEHK:939)

7.74%

★★★★★☆

China Electronics Huada Technology (SEHK:85)

9.91%

★★★★★☆

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

9.16%

★★★★★☆

Chongqing Rural Commercial Bank (SEHK:3618)

8.15%

★★★★★☆

Zhongsheng Group Holdings (SEHK:881)

8.60%

★★★★★☆

Bank of China (SEHK:3988)

7.30%

★★★★★☆

Sinopharm Group (SEHK:1099)

4.96%

★★★★★☆

Click here to see the full list of 85 stocks from our Top SEHK Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

China Nonferrous Mining

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

Overview: China Nonferrous Mining Corporation Limited (SEHK:1258) is an investment holding company involved in the exploration, mining, processing, leaching, smelting, and sale of copper cathodes, blister copper, and copper anodes with a market cap of HK$20.91 billion.

Operations: China Nonferrous Mining Corporation Limited generates revenue from leaching ($1.10 billion) and smelting ($2.56 billion).

Dividend Yield: 4.3%

China Nonferrous Mining Corporation Limited has shown a mixed picture for dividend investors. Despite recent earnings guidance indicating a profit increase to US$217 million due to higher copper prices, its dividend yield of 4.32% is below the top-tier Hong Kong market average. While dividends are well covered by both earnings and cash flows (payout ratios of 40% and 26.8%, respectively), the company’s dividend history has been volatile with periods of significant drops, making it less reliable for consistent income seekers.

SEHK:1258 Dividend History as at Aug 2024

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$12.67 billion.