China South Publishing & Media Group And 2 Other Leading Dividend Stocks

Amidst a backdrop of underwhelming manufacturing data and a slowing economy, Chinese equities have shown mixed performance with sectors like manufacturing facing contraction while services exhibit modest growth. In such an environment, dividend stocks, such as China South Publishing & Media Group, can offer investors potential stability and regular income streams which might be particularly appealing in uncertain economic times.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Lao Feng Xiang (SHSE:600612)	3.24%	★★★★★★
Midea Group (SZSE:000333)	4.69%	★★★★★★
Changhong Meiling (SZSE:000521)	4.06%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.62%	★★★★★★
Ping An Bank (SZSE:000001)	7.21%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	4.72%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.17%	★★★★★★
Huangshan NovelLtd (SZSE:002014)	5.66%	★★★★★★
Chacha Food Company (SZSE:002557)	3.62%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	5.69%	★★★★★★

Click here to see the full list of 247 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

China South Publishing & Media Group (SHSE:601098)

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

Overview: China South Publishing & Media Group Co., Ltd operates in publishing, printing, distribution, media, and financing sectors across China, with a market capitalization of CN¥23.67 billion.

Operations: China South Publishing & Media Group Co., Ltd generates its revenue primarily from publishing, printing, distribution, media, and financing activities across China.

Dividend Yield: 4.2%

China South Publishing & Media Group offers a compelling dividend yield of 4.17%, ranking in the top 25% for dividend payers in the Chinese market. Its dividends have shown stability and growth over the past decade, supported by earnings with a payout ratio of 55.1% and cash flows with a payout ratio of 34.9%. Despite its strong dividend performance, earnings are projected to decline by an average of 1.9% annually over the next three years. Recent financials indicate a slight dip in net income from CNY 354.82 million to CNY 299.26 million year-over-year, although revenue has increased from CNY 2,663.93 million to CNY 2,999.95 million as reported in Q1 ended March 31, 2024.

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

Jiangsu Phoenix Publishing & Media (SHSE:601928)

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

Overview: Jiangsu Phoenix Publishing & Media Corporation Limited, operating in China, focuses on the editing, publishing, and distribution of books, newspapers, electronic publications, and audio-visual products with a market capitalization of CN¥29.85 billion.

Operations: Jiangsu Phoenix Publishing & Media Corporation Limited generates revenue primarily through the sale of books, newspapers, electronic and audio-visual publications.

Dividend Yield: 4.3%

Jiangsu Phoenix Publishing & Media reported a Q1 2024 revenue of CNY 3.34 billion, slightly up from CNY 3.24 billion in the previous year, though net income fell from CNY 482.96 million to CNY 356.11 million. Despite this decline, its dividend yield of 4.26% ranks well in the Chinese market but comes with a history of volatility over the past decade. Trading at a P/E ratio of 10.6x below industry average suggests good value; however, earnings are expected to decrease by about 10.9% annually over the next three years, raising concerns about future dividend sustainability despite current coverage by earnings and cash flows with payout ratios at 45% and 70.5%, respectively.

• Delve into the full analysis dividend report here for a deeper understanding of Jiangsu Phoenix Publishing & Media.
• Our valuation report here indicates Jiangsu Phoenix Publishing & Media may be undervalued.

Guangdong Provincial Expressway Development (SZSE:000429)

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

Overview: Guangdong Provincial Expressway Development Co., Ltd. operates and develops expressways and bridges in the People's Republic of China, with a market capitalization of approximately CN¥21.86 billion.

Operations: Guangdong Provincial Expressway Development Co., Ltd. generates its revenue primarily from the development and operation of expressways and bridges in China.

Dividend Yield: 4.9%

Guangdong Provincial Expressway Development Co. Ltd. has demonstrated a 31% growth in earnings over the past year, yet its dividend history remains inconsistent with payments fluctuating significantly. Despite this volatility, the company's dividends are well-covered by both earnings and cash flows, with payout ratios of 70.1% and 57.5%, respectively. Recently added to an index on June 17, 2024, the firm offers a competitive dividend yield of 4.9%, placing it in the top quartile of Chinese dividend payers.

• Unlock comprehensive insights into our analysis of Guangdong Provincial Expressway Development stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Guangdong Provincial Expressway Development is priced lower than what may be justified by its financials.

Next Steps

• Unlock our comprehensive list of 247 Top Dividend Stocks by clicking here.
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Looking For Alternative Opportunities?

• 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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