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Top Chinese (SSE) Materials Dividend Stocks
UPDATED Mar 13, 2023
What are the best Chinese (SSE) Materials Dividend Stocks?
According to our Simply Wall St analysis these are the best Chinese Materials 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.
11 companies meet this criteria in the Chinese market
Jiangsu Changqing Agrochemical Co., Ltd. manufactures and sells pesticides in China, Europe, the United States, and Southeast Asia.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 002391's dividend (2.76%) is in the top 25% of dividend payers in the CN market (1.92%)
Notable Dividend
Rewards
Price-To-Earnings ratio (15x) is below the CN market (36.2x)
Earnings are forecast to grow 28.6% per year
Earnings grew by 46.3% over the past year
Risks
No risks detected for 2391 from our risks checks.
Qingdao East Steel Tower Stock Co.Ltd manufactures and markets steel structure products in the People’s Republic of China.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 002545's dividend (2.88%) is in the top 25% of dividend payers in the CN market (1.92%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 33.6% below our estimate of its fair value
Earnings are forecast to grow 32.41% per year
Earnings grew by 78.6% over the past year
Risks
No risks detected for 2545 from our risks checks.
DeHua TB New Decoration Material Co.,Ltd manufactures and sells interior decoration materials in China and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 002043's dividend (3.9%) is in the top 25% of dividend payers in the CN market (1.92%)
Notable Dividend
Stable Dividend
Rewards
Trading at 40.4% below our estimate of its fair value
Earnings are forecast to grow 36.75% per year
Risks
Highly volatile share price over the past 3 months
Shareholders have been diluted in the past year
Profit margins (5.2%) are lower than last year (7.5%)
Anhui Guangxin Agrochemical Co., Ltd. researches, develops, produces, and sells pesticides and phosgene products in China.
Dividend Criteria
Earnings Coverage
High Dividend: 603599's dividend (2.16%) is in the top 25% of dividend payers in the CN market (1.92%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 31.5% below our estimate of its fair value
Earnings are forecast to grow 8.34% per year
Earnings grew by 93.6% over the past year
Risks
High level of non-cash earnings
Xinjiang Zhongtai Chemical Co., Ltd. manufactures and sells chemicals under the Feng brand name in China.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 002092's dividend (1.58%) is low compared to the top 25% of dividend payers in the CN market (1.92%).
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (14.2x) is below the CN market (36.2x)
Earnings are forecast to grow 53.63% per year
Risks
Profit margins (2.3%) are lower than last year (5%)
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 002585's dividend (2.36%) is in the top 25% of dividend payers in the CN market (1.92%)
Notable Dividend
Stable Dividend
Rewards
Trading at 82.4% below our estimate of its fair value
Earnings are forecast to grow 45.18% per year
Risks
No risks detected for 2585 from our risks checks.
China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth raw materials in China and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: 600111's dividend (1.7%) is low compared to the top 25% of dividend payers in the CN market (1.92%).
Stable Dividend
Rewards
Trading at 74.6% below our estimate of its fair value
Earnings are forecast to grow 21% per year
Earnings grew by 87.2% over the past year
Risks
No risks detected for 600111 from our risks checks.
LB Group Co., Ltd., an inorganic fine chemical company, manufactures and sells titanium dioxide pigments worldwide.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 002601's dividend (5.91%) is in the top 25% of dividend payers in the CN market (1.92%)
Notable Dividend
Stable Dividend
Rewards
Trading at 58.4% below our estimate of its fair value
Earnings are forecast to grow 20.05% per year
Risks
No risks detected for 2601 from our risks checks.