Yahoo Finance Top KRX Dividend Stocks For July 2024
Over the past year, the South Korean market has seen a modest increase of 6.5%, while recent trading over the last seven days has remained flat. In this context, dividend stocks that demonstrate consistent payouts and potential for earnings growth become particularly attractive options for investors looking to capitalize on forecasted annual earnings growth of 30%.
Top 10 Dividend Stocks In South Korea
Name | Dividend Yield | Dividend Rating |
Kia (KOSE:A000270) | 4.62% | ★★★★★★ |
LOTTE Fine Chemical (KOSE:A004000) | 4.31% | ★★★★★☆ |
NH Investment & Securities (KOSE:A005940) | 6.12% | ★★★★★☆ |
Industrial Bank of Korea (KOSE:A024110) | 7.02% | ★★★★★☆ |
KT (KOSE:A030200) | 5.48% | ★★★★★☆ |
Shinhan Financial Group (KOSE:A055550) | 4.01% | ★★★★★☆ |
Kyung Nong (KOSE:A002100) | 4.99% | ★★★★★☆ |
HANYANG ENGLtd (KOSDAQ:A045100) | 3.15% | ★★★★★☆ |
Tong Yang Life Insurance (KOSE:A082640) | 5.07% | ★★★★☆☆ |
Hansae Yes24 Holdings (KOSE:A016450) | 5.29% | ★★★★☆☆ |
Click here to see the full list of 72 stocks from our Top KRX Dividend Stocks screener.
We'll examine a selection from our screener results.
WINS
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: WINS Co., Ltd., based in South Korea, specializes in providing information security solutions and services, with a market capitalization of approximately ₩172.95 billion.
Operations: WINS Co., Ltd. generates its revenue primarily from the provision of information security solutions and services in South Korea.
Dividend Yield: 3.6%
WINS, trading significantly below its estimated fair value, offers a dividend yield in the top 25% of South Korean stocks at 3.57%. Despite a short dividend history of less than 10 years with some instability, both earnings and cash flows robustly cover the payouts, with payout ratios at 26.5% and 29.9%, respectively. Recent actions include extending their buyback plan and completing a share repurchase worth KRW 130.4 million, signaling potential confidence in maintaining shareholder returns amidst growth in earnings by 21.2% last year.
Navigate through the intricacies of WINS with our comprehensive dividend report here.
Our expertly prepared valuation report WINS implies its share price may be lower than expected.
NICE Information Service
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NICE Information Service Co., Ltd., operating in South Korea, offers services including credit evaluation, inquiries, investigations, and debt collection, with a market capitalization of approximately ₩649.37 billion.
Operations: NICE Information Service Co., Ltd. generates ₩42.28 billion from corporate and personal credit information and ₩66.38 million from debt collection services.
Dividend Yield: 3.7%
NICE Information Service, with a dividend yield of 3.73%, ranks in the top 25% of South Korean dividend payers. Trading at a 51.8% discount to its fair value, it offers good relative value in its sector. Although it has increased dividends over five years, its short dividend history and unstable track record raise concerns about sustainability. However, both earnings and cash flows strongly support dividends, with payout ratios at 40.6% and 39%, respectively. Recent earnings growth was reported at KRW 17.63 billion for Q1 2024, up from KRW 13.82 billion year-over-year.
BGF retail
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: BGF Retail Co., Ltd. operates a chain of convenience stores across South Korea, with a market capitalization of approximately ₩1.79 billion.
Operations: BGF Retail Co., Ltd. generates its revenue primarily through the operation of a widespread network of convenience stores throughout South Korea.
Dividend Yield: 3.9%
BGF Retail, with a dividend yield of 3.95%, stands in the top quartile of South Korean dividend payers. Although its dividend history spans less than a decade, payments have shown growth and stability during this period. The dividends are well-supported by earnings and cash flows, with payout ratios at 37% and 20.1% respectively, indicating sustainability. Despite trading at a significant discount to fair value (74.4% below), the stock's price is expected to rise by 62%.
Key Takeaways
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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 KOSDAQ:A136540KOSE:A030190 and KOSE:A282330.
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