3 High Yield Dividend Stocks In China Offering Up To 4.9%

Amidst a backdrop of global economic uncertainties and mixed market performances, China's equity markets have shown resilience with modest movements, even as manufacturing sectors face challenges. For investors looking at the Chinese market, high-yield dividend stocks could offer a blend of stability and income potential in these fluctuating conditions.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Shandong Wit Dyne HealthLtd (SZSE:000915)	6.12%	★★★★★★
Midea Group (SZSE:000333)	4.56%	★★★★★★
Changhong Meiling (SZSE:000521)	3.37%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.22%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	4.37%	★★★★★★
Ping An Bank (SZSE:000001)	6.60%	★★★★★★
Huangshan NovelLtd (SZSE:002014)	5.61%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.16%	★★★★★★
Chacha Food Company (SZSE:002557)	3.13%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	5.33%	★★★★★★

Click here to see the full list of 214 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Chongqing Brewery (SHSE:600132)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Chongqing Brewery Co., Ltd. is a company based in China, specializing in the production and sale of beers and non-alcoholic beverages, with a market capitalization of approximately CN¥34.27 billion.

Operations: Chongqing Brewery Co., Ltd. generates revenue primarily from its beer segment, amounting to CN¥15.10 billion.

Dividend Yield: 4%

Chongqing Brewery has shown robust growth with a 12.3% annual earnings increase over the past five years and a recent quarterly revenue jump to CNY 4.29 billion. While dividends have grown over the last decade, their sustainability is questionable due to a high payout ratio of 96.9%, indicating that dividends are not well-covered by earnings. Additionally, despite a competitive dividend yield of 3.95%, the company's dividend payments have been both volatile and unreliable, reflecting potential risks for long-term dividend investors seeking stability and consistent returns.

• Click here and access our complete dividend analysis report to understand the dynamics of Chongqing Brewery.
• According our valuation report, there's an indication that Chongqing Brewery's share price might be on the cheaper side.

Jiang Zhong PharmaceuticalLtd (SHSE:600750)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Jiang Zhong Pharmaceutical Co., Ltd focuses on the research, development, production, and sale of Chinese patent medicines and health foods, with a market capitalization of approximately CN¥16.78 billion.

Operations: Jiang Zhong Pharmaceutical Co., Ltd generates its revenue primarily through the production and sales of Chinese patent medicines and health foods.

Dividend Yield: 4.8%

Jiang Zhong Pharmaceutical offers a dividend yield of 4.83%, ranking in the top 25% of Chinese market payers, supported by a decade of stable and reliable dividend growth. However, with a payout ratio of 112.2% and cash payout ratio at 96.7%, dividends are poorly covered by both earnings and cash flows, raising concerns about sustainability despite recent earnings growth (11.5% last year). Recent financials show fluctuating revenues with CNY 1,227.4 million in Q1 2024 against CNY 1,344.89 million the previous year, though net income has risen to CNY 266.78 million from CNY242.56 million.

• Unlock comprehensive insights into our analysis of Jiang Zhong PharmaceuticalLtd stock in this dividend report.
• The valuation report we've compiled suggests that Jiang Zhong PharmaceuticalLtd's current price could be quite moderate.

Changjiang Publishing & MediaLtd (SHSE:600757)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Changjiang Publishing & Media Co., Ltd is a media publishing company based in China, with a market capitalization of approximately CN¥9.78 billion.

Operations: Changjiang Publishing & Media Co., Ltd generates its revenue primarily from media publishing activities in China.

Dividend Yield: 5%

Changjiang Publishing & Media Co., Ltd has shown a robust dividend profile with a yield of 4.96%, placing it in the top quartile of Chinese dividend stocks. The firm's dividends are well-covered by earnings, with a payout ratio of 54.1%, and by cash flows, at 69.5%. Despite this, its dividend history is relatively short under 10 years and lacks stability. Recent financials indicate a dip in year-over-year quarterly revenue and net income, from CNY 2,022.66 million to CNY 1,921.64 million and CNY 385.81 million to CNY 262.01 million respectively, suggesting potential challenges ahead in maintaining its dividend growth trajectory.

• Click here to discover the nuances of Changjiang Publishing & MediaLtd with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, Changjiang Publishing & MediaLtd's share price might be too pessimistic.

Summing It All Up

• Reveal the 214 hidden gems among our Top Dividend Stocks screener with a single click here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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