Top Dividend Stocks On SEHK For August 2024

As global markets show signs of recovery and investor sentiment improves, the Hong Kong market has also seen a positive uptick, with the Hang Seng Index gaining 1.99% recently. In this environment, dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive option for investors seeking stability amidst market fluctuations.

Top 10 Dividend Stocks In Hong Kong

Name	Dividend Yield	Dividend Rating
Consun Pharmaceutical Group (SEHK:1681)	9.95%	★★★★★☆
Luk Fook Holdings (International) (SEHK:590)	9.54%	★★★★★☆
Chow Tai Fook Jewellery Group (SEHK:1929)	8.37%	★★★★★☆
China Construction Bank (SEHK:939)	7.74%	★★★★★☆
China Electronics Huada Technology (SEHK:85)	9.91%	★★★★★☆
S.A.S. Dragon Holdings (SEHK:1184)	9.16%	★★★★★☆
Chongqing Rural Commercial Bank (SEHK:3618)	8.15%	★★★★★☆
Zhongsheng Group Holdings (SEHK:881)	8.60%	★★★★★☆
Bank of China (SEHK:3988)	7.30%	★★★★★☆
Sinopharm Group (SEHK:1099)	4.96%	★★★★★☆

Click here to see the full list of 85 stocks from our Top SEHK Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

China Nonferrous Mining (SEHK:1258)

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

Overview: China Nonferrous Mining Corporation Limited (SEHK:1258) is an investment holding company involved in the exploration, mining, processing, leaching, smelting, and sale of copper cathodes, blister copper, and copper anodes with a market cap of HK$20.91 billion.

Operations: China Nonferrous Mining Corporation Limited generates revenue from leaching ($1.10 billion) and smelting ($2.56 billion).

Dividend Yield: 4.3%

China Nonferrous Mining Corporation Limited has shown a mixed picture for dividend investors. Despite recent earnings guidance indicating a profit increase to US$217 million due to higher copper prices, its dividend yield of 4.32% is below the top-tier Hong Kong market average. While dividends are well covered by both earnings and cash flows (payout ratios of 40% and 26.8%, respectively), the company’s dividend history has been volatile with periods of significant drops, making it less reliable for consistent income seekers.

• Navigate through the intricacies of China Nonferrous Mining with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that China Nonferrous Mining is priced lower than what may be justified by its financials.

Xtep International Holdings (SEHK:1368)

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

Overview: Xtep International Holdings Limited designs, develops, manufactures, and markets sports footwear, apparel, and accessories for adults and children in China with a market cap of HK$12.67 billion.

Operations: Xtep International Holdings Limited generates revenue from the design, development, manufacturing, and marketing of sports footwear, apparel, and accessories for both adults and children in China.

Dividend Yield: 4.3%

Xtep International Holdings has announced an interim dividend of HK$0.156 per share for H1 2024, up from HK$0.137 a year ago, with a special dividend of HK$0.447 per share also declared. Despite its dividends being well-covered by earnings (payout ratio: 45.1%) and cash flows (cash payout ratio: 35.5%), the company’s dividend history has been volatile over the past decade, making it less reliable for consistent income seekers despite recent growth in earnings and operational performance improvements.

• Click here and access our complete dividend analysis report to understand the dynamics of Xtep International Holdings.
• Insights from our recent valuation report point to the potential undervaluation of Xtep International Holdings shares in the market.

Consun Pharmaceutical Group (SEHK:1681)

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

Overview: Consun Pharmaceutical Group Limited researches, develops, manufactures, and sells Chinese medicines and medical contrast medium products in the People’s Republic of China with a market cap of HK$4.98 billion.

Operations: Consun Pharmaceutical Group Limited generates revenue from two primary segments: the Yulin Pharmaceutical Segment, which contributes CN¥395.06 million, and the Consun Pharmaceutical Segment, which brings in CN¥2.20 billion.

Dividend Yield: 9.9%

Consun Pharmaceutical Group announced an interim dividend of HK$0.3 per share for H1 2024, reflecting its commitment to shareholder returns despite a historically unstable dividend track record. The company's earnings and cash flows sufficiently cover the dividends, with payout ratios of 41.2% and 59.2% respectively. Recent earnings growth to CNY 399.77 million from CNY 347.89 million last year supports its current dividend yield, which is among the top in Hong Kong's market.

• Get an in-depth perspective on Consun Pharmaceutical Group's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Consun Pharmaceutical Group's share price might be too pessimistic.

Where To Now?

• Click through to start exploring the rest of the 82 Top SEHK Dividend Stocks now.
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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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