Top SEHK Dividend Stocks To Watch In August 2024
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As global markets experience volatility and mixed economic signals, the Hong Kong market has shown resilience with the Hang Seng Index gaining 0.85%. Amid these fluctuations, dividend stocks remain an attractive option for investors seeking stable returns. In such an environment, a good dividend stock typically offers consistent payouts and strong fundamentals, making it a reliable choice even when broader market conditions are uncertain.
Top 10 Dividend Stocks In Hong Kong
| Name | Dividend Yield | Dividend Rating |
| Chongqing Rural Commercial Bank (SEHK:3618) | 8.40% | ★★★★★★ |
| Lenovo Group (SEHK:992) | 3.74% | ★★★★★☆ |
| China Construction Bank (SEHK:939) | 7.92% | ★★★★★☆ |
| China Overseas Grand Oceans Group (SEHK:81) | 9.99% | ★★★★★☆ |
| China Electronics Huada Technology (SEHK:85) | 9.81% | ★★★★★☆ |
| S.A.S. Dragon Holdings (SEHK:1184) | 9.23% | ★★★★★☆ |
| Bank of China (SEHK:3988) | 7.57% | ★★★★★☆ |
| Zhejiang Expressway (SEHK:576) | 6.65% | ★★★★★☆ |
| Sinopharm Group (SEHK:1099) | 4.80% | ★★★★★☆ |
| Beijing Tong Ren Tang Chinese Medicine (SEHK:3613) | 3.78% | ★★★★★☆ |
Click here to see the full list of 87 stocks from our Top SEHK Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
361 Degrees International
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: 361 Degrees International Limited, an investment holding company with a market cap of HK$7.17 billion, manufactures and trades in sporting goods in the People’s Republic of China.
Operations: The company's revenue segments (in millions of CN￥) are as follows: Footwear: 3,890.50, Apparel: 2,680.30, and Accessories: 450.20.
Dividend Yield: 9.5%
361 Degrees International has declared an interim dividend of HKD 0.165 per share for the first half of 2024, but its dividend payments have been volatile over the past decade. Despite a reasonable payout ratio of 55.4%, dividends are not well covered by free cash flow due to a high cash payout ratio of 159.4%. The company’s earnings grew by 16.4% last year and are forecasted to grow annually by 14.02%.
Tian An China Investments
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Tian An China Investments Company Limited is an investment holding company that focuses on investing in, developing, and managing properties across the People's Republic of China, Hong Kong, the United Kingdom, and Australia with a market cap of HK$5.91 billion.
Operations: Tian An China Investments Company Limited generates revenue primarily from property development (HK$1.53 billion), property investment (HK$591.38 million), and healthcare operations (HK$394.15 million).