One of the best paying dividend stock on our list is Zhejiang Expressway. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Below are more huge dividend-paying stocks that continues to add value to my portfolio holdings.
Zhejiang Expressway Co., Ltd. (SEHK:576)
Zhejiang Expressway Co., Ltd., an investment holding company, invests in, develops, operates, maintains, and manages high grade roads in the People’s Republic of China. Established in 1997, and currently run by Jianhu Luo, the company now has 6,871 employees and has a market cap of HKD HK$30.53B, putting it in the large-cap group.
576 has a sumptuous dividend yield of 6.15% and pays out 48.38% of its profit as dividends , with analysts expecting the payout ratio in three years to be 50.60%. In the case of 576, they have increased their dividend per share from CN¥0.35 to CN¥0.43 so in the past 10 years. The company has been a reliable payer too, not missing a payment during this time. More detail on Zhejiang Expressway here.
Lee and Man Paper Manufacturing Limited (SEHK:2314)
Lee and Man Paper Manufacturing Limited, an investment holding company, manufactures and trades in packaging papers, pulps, and tissue papers in the People’s Republic of China and Vietnam. Formed in 1994, and currently lead by Man Bun Lee, the company currently employs 7,500 people and with the market cap of HKD HK$35.53B, it falls under the large-cap category.
2314 has an appealing dividend yield of 5.00% and is paying out 33.19% of profits as dividends , with analysts expecting a 35.23% payout in three years. Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from HK$0.09 to HK$0.40. More detail on Lee and Man Paper Manufacturing here.
Yue Yuen Industrial (Holdings) Limited (SEHK:551)
Yue Yuen Industrial (Holdings) Limited, an investment holding company, engages in the manufacturing, marketing, and retailing of athletic footwear, athletic style leisure footwear, and casual and outdoor footwear in the People’s Republic of China, the United States, Europe, and internationally. Formed in 1969, and currently run by Pei-Chun Tsai, the company employs 361,000 people and with the market cap of HKD HK$35.99B, it falls under the large-cap category.
551 has an appealing dividend yield of 6.74% and their payout ratio stands at 64.44% , with analysts expecting this ratio in three years to be 64.49%. In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$0.87 to US$1.50. The company has been a dependable payer too, not missing a payment in this 10 year period. More on Yue Yuen Industrial (Holdings) here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.