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Top Chinese (SSE) Energy Dividend Stocks
UPDATED Jun 24, 2022
What are the best Chinese (SSE) Energy Dividend Stocks?
According to our Simply Wall St analysis these are the best Chinese Energy dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
3 companies meet this criteria in the Chinese market
Beijing Haohua Energy Resource Co., Ltd. engages in the mining, washing, processing, export, and sale of coal in China.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 601101's dividend (5.95%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 88.1% below our estimate of its fair value
Earnings are forecast to grow 27.68% per year
Earnings grew by 1008.4% over the past year
Risks
Volatile share price over the past 3 months
Oriental Energy Co., Ltd. engages in the production and sale of low-temperature and atmospheric pressure liquefied petroleum gas, propylene, polypropylene, and other chemical products in China.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 002221's dividend (2.51%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (16x) is below the CN market (33.9x)
Earnings are forecast to grow 40.61% per year
Risks
Debt is not well covered by operating cash flow
Profit margins (3.4%) are lower than last year (4.9%)
Guanghui Energy Co., Ltd. operates in the energy development business in China.
Dividend Criteria
Earnings Coverage
High Dividend: 600256's dividend (4.15%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 73.8% below our estimate of its fair value
Earnings are forecast to grow 35.81% per year
Earnings grew by 241.2% over the past year
Risks
Volatile share price over the past 3 months
Has a high level of debt