Yahoo Finance Top Hong Kong Dividend Stocks For June 2024
As of June 2024, the Hong Kong market is navigating a complex global economic landscape, with recent data indicating some pressures in major economies around the world. In this context, dividend stocks remain a focus for investors seeking potentially steadier returns amid fluctuating markets.
Top 10 Dividend Stocks In Hong Kong
Name | Dividend Yield | Dividend Rating |
Chongqing Rural Commercial Bank (SEHK:3618) | 8.79% | ★★★★★★ |
CITIC Telecom International Holdings (SEHK:1883) | 9.88% | ★★★★★★ |
China Construction Bank (SEHK:939) | 7.67% | ★★★★★☆ |
Playmates Toys (SEHK:869) | 9.09% | ★★★★★☆ |
S.A.S. Dragon Holdings (SEHK:1184) | 8.58% | ★★★★★☆ |
Bank of China (SEHK:3988) | 6.69% | ★★★★★☆ |
China Mobile (SEHK:941) | 6.54% | ★★★★★☆ |
Sinopharm Group (SEHK:1099) | 4.21% | ★★★★★☆ |
International Housewares Retail (SEHK:1373) | 8.62% | ★★★★★☆ |
Tian An China Investments (SEHK:28) | 5.00% | ★★★★★☆ |
Click here to see the full list of 92 stocks from our Top Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
CIMC Enric Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: CIMC Enric Holdings Limited, operating globally, specializes in supplying transportation, storage, and processing equipment and services for the clean energy, chemicals, environmental, and liquid food sectors with a market capitalization of HK$15.76 billion.
Operations: CIMC Enric Holdings Limited generates revenue from three primary segments: CN¥14.91 billion from Clean Energy, CN¥4.46 billion from Chemicals and Environmental, and CN¥4.29 billion from Liquid Food.
Dividend Yield: 3.7%
CIMC Enric Holdings has shown a mixed performance in dividend reliability due to its volatile history, with significant annual drops over the past decade. However, its dividends are well-supported by earnings and cash flows, with a payout ratio of 48.7% and a cash payout ratio of 58.7%, respectively. Recent corporate actions include an approved final dividend of HK$0.30 per share at the AGM on May 20, 2024, signaling potential stability moving forward despite a current yield (3.74%) that is lower than many top Hong Kong dividend stocks (7.83%).
China Unicom (Hong Kong)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: China Unicom (Hong Kong) Limited operates as an investment holding company, offering telecommunications and related value-added services in the People’s Republic of China, with a market capitalization of approximately HK$198.28 billion.
Operations: China Unicom (Hong Kong) Limited generates CN¥374.87 billion from its wireless communications services.
Dividend Yield: 5.6%
China Unicom (Hong Kong) Limited has demonstrated volatility in its dividend payments over the past decade, with significant fluctuations including annual drops exceeding 20%. Despite this instability, recent financials show a sustainable approach to dividends, supported by a payout ratio of 55% and a cash payout ratio of 44.7%. The company recently declared a final dividend of RMB 0.1336 per share at its AGM on May 30, 2024. However, with a current yield of 5.59%, it remains lower than the top quartile of Hong Kong dividend stocks which average yields around 7.83%.
Anhui Expressway
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Anhui Expressway Company Limited is engaged in the construction, operation, management, and development of toll roads and related service areas in Anhui Province, China, with a market capitalization of HK$21.85 billion.
Operations: Anhui Expressway Company Limited generates its revenue primarily from the construction, operation, and management of toll roads in Anhui Province, China.
Dividend Yield: 6.7%
Anhui Expressway has demonstrated a mixed performance as a dividend stock. While its 10-year track record shows stable and growing dividends, the current yield of 6.67% falls short of the top Hong Kong dividend payers at 7.83%. Earnings growth was robust at 10.8% last year and is expected to grow by 7.16% annually, yet dividends are not well supported by cash flow or earnings, with a payout ratio of 60%. Recent corporate adjustments include extended contracts and leadership changes which could impact future operations and financial stability.
Delve into the full analysis dividend report here for a deeper understanding of Anhui Expressway.
Our expertly prepared valuation report Anhui Expressway implies its share price may be too high.
Where To Now?
Navigate through the entire inventory of 92 Top Dividend Stocks here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SEHK:3899 SEHK:762 and SEHK:995.
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