Stock Analysis

HBIS Resources And 2 Other Top Dividend Stocks To Consider

SZSE:000923
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As global markets reach record highs, buoyed by China's robust stimulus measures and optimism surrounding artificial intelligence, investors are increasingly looking for reliable income sources amid fluctuating economic signals. In this environment, dividend stocks can offer a stable return, making them an attractive option for those seeking consistent income.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)7.81%★★★★★★
Tsubakimoto Chain (TSE:6371)4.26%★★★★★★
Yamato Kogyo (TSE:5444)4.19%★★★★★★
Globeride (TSE:7990)4.33%★★★★★★
Premier Financial (NasdaqGS:PFC)5.36%★★★★★★
Mitsubishi Research Institute (TSE:3636)3.85%★★★★★★
CAC Holdings (TSE:4725)4.52%★★★★★★
CVB Financial (NasdaqGS:CVBF)4.51%★★★★★★
James Latham (AIM:LTHM)5.73%★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)4.87%★★★★★★

Click here to see the full list of 2040 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

HBIS Resources (SZSE:000923)

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

Overview: HBIS Resources Co., Ltd. engages in the mining, processing, selling, and servicing of mineral products across multiple continents with a market cap of CN¥9.99 billion.

Operations: HBIS Resources Co., Ltd. generates revenue primarily from copper (CN¥1.24 billion), magnetite (CN¥5.01 billion), and vermiculite (CN¥365.69 million).

Dividend Yield: 3.6%

HBIS Resources has shown a significant increase in earnings, reporting CNY 477.48 million for the first half of 2024, up from CNY 380.9 million a year ago. Its dividend yield stands at 3.56%, placing it in the top quartile of CN market dividend payers. However, its dividend history is unstable and has been volatile over the past decade despite being well-covered by earnings (38.8% payout ratio) and cash flows (77.8% cash payout ratio).

SZSE:000923 Dividend History as at Sep 2024
SZSE:000923 Dividend History as at Sep 2024

Boai NKY Medical Holdings (SZSE:300109)

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

Overview: Boai NKY Medical Holdings Ltd. operates in the fine chemical and medical care sectors both in China and internationally, with a market cap of CN¥5.57 billion.

Operations: Boai NKY Medical Holdings Ltd. generates revenue through its fine chemical and medical care businesses, serving both domestic and international markets.

Dividend Yield: 4.9%

Boai NKY Medical Holdings' dividend yield of 4.92% ranks in the top 25% of CN market dividend payers, but its sustainability is questionable due to a high cash payout ratio (206.3%) and dividends not being well covered by free cash flows. The company’s earnings grew by 8.9% last year, yet recent half-year results show a decline in net income to CNY 212.93 million from CNY 262.21 million, raising concerns about future dividend reliability and growth potential.

SZSE:300109 Dividend History as at Sep 2024
SZSE:300109 Dividend History as at Sep 2024

Chengdu Kanghua Biological Products (SZSE:300841)

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

Overview: Chengdu Kanghua Biological Products Co., Ltd. (SZSE:300841) operates in the biotechnology sector, focusing on the development and production of vaccines and immunological products, with a market cap of CN¥7.23 billion.

Operations: Chengdu Kanghua Biological Products Co., Ltd. generates its revenue primarily from the development and production of vaccines and immunological products.

Dividend Yield: 3%

Chengdu Kanghua Biological Products' dividend payout ratio is 47%, indicating dividends are well-covered by earnings and cash flows (53.4%). Despite a top-tier yield of 3.04% in the CN market, its dividend track record is volatile, having been paid for only three years. Recent buybacks totaling CNY 200 million and a significant M&A transaction suggest active capital management but do not mitigate concerns about dividend stability.

SZSE:300841 Dividend History as at Sep 2024
SZSE:300841 Dividend History as at Sep 2024

Next Steps

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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.

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