Tai Cheung Holdings, CITIC Telecom International Holdings, and Sinopec Kantons Holdings are three of the best paying dividend stocks for creating diversified portfolio income. Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Tai Cheung Holdings Limited (SEHK:88)
Tai Cheung Holdings Limited, an investment holding company, engages in property investment, development, and management activities in Hong Kong. Established in 1956, and currently run by Pun Chan, the company provides employment to 196 people and with the company’s market cap sitting at HKD HK$5.26B, it falls under the mid-cap category.
88 has a enticing dividend yield of 4.11% and the company has a payout ratio of 60.93% . The company’s dividends per share have risen from HK$0.23 to HK$0.35 over the last 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Over the next 12 months, analysts are predicting double digit earnings growth of 77.58%. More detail on Tai Cheung Holdings here.
CITIC Telecom International Holdings Limited (SEHK:1883)
CITIC Telecom International Holdings Limited, an investment holding company, provides telecommunications services worldwide. Established in 1997, and currently headed by CEO Zhenhui Lin, the company currently employs 2,464 people and has a market cap of HKD HK$7.92B, putting it in the mid-cap category.
1883 has a sumptuous dividend yield of 7.21% and their current payout ratio is 64.28% , and analysts are expecting a 64.71% payout ratio in the next three years. In the case of 1883, they have increased their dividend per share from HK$0.041 to HK$0.16 so in the past 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. More detail on CITIC Telecom International Holdings here.
Sinopec Kantons Holdings Limited (SEHK:934)
Sinopec Kantons Holdings Limited, an investment holding company, engages in petrochemical storage and logistics businesses primarily in the People’s Republic of China. Started in 1998, and currently run by Zhi Jun Ye, the company now has 244 employees and with the company’s market cap sitting at HKD HK$8.65B, it falls under the mid-cap group.
934 has a great dividend yield of 4.02% and their current payout ratio is 24.70% , with analysts expecting the payout ratio in three years to be 27.42%. The company’s dividends per share have risen from HK$0.035 to HK$0.14 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. More on Sinopec Kantons Holdings here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.