Asian Dividend Stocks To Enhance Your Portfolio

As global markets navigate a landscape marked by economic uncertainties and trade tensions, the Asian stock market has shown resilience, with investors keenly observing developments in China and Japan. In such an environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to enhance their portfolios amidst fluctuating conditions.

Top 10 Dividend Stocks In Asia

Name	Dividend Yield	Dividend Rating
Chongqing Rural Commercial Bank (SEHK:3618)	8.50%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.94%	★★★★★★
CAC Holdings (TSE:4725)	5.16%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.17%	★★★★★★
Daito Trust ConstructionLtd (TSE:1878)	3.95%	★★★★★★
Nissan Chemical (TSE:4021)	3.84%	★★★★★★
GakkyushaLtd (TSE:9769)	4.27%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.25%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.51%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.25%	★★★★★★

Click here to see the full list of 1128 stocks from our Top Asian Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Godo Steel (TSE:5410)

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

Overview: Godo Steel, Ltd. is a Japanese company that manufactures and sells steel products, with a market cap of ¥59.82 billion.

Operations: Godo Steel, Ltd.'s revenue is primarily derived from its Steel Business segment, which generated ¥191.85 billion, and its Agricultural Materials Business segment, contributing ¥11.81 billion.

Dividend Yield: 5.9%

Godo Steel offers a compelling dividend yield of 5.87%, placing it in the top quartile of JP market payers. With a payout ratio of 30.3% and cash payout ratio at 22.4%, dividends are well-covered by both earnings and cash flows, suggesting sustainability. However, the company's dividend history is marked by volatility and unreliability over the past decade despite overall growth, presenting potential risks for consistent income-seeking investors.

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

Oiles (TSE:6282)

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

Overview: Oiles Corporation manufactures and sells bearings, structural equipment, and construction equipment in Japan and internationally, with a market cap of ¥71.65 billion.

Operations: Oiles Corporation's revenue segments include General Bearing Equipment at ¥14.84 billion, Automotive Bearing Equipment at ¥33.40 billion, Structural Equipment at ¥13.09 billion, and Construction Equipment at ¥5.94 billion.

Dividend Yield: 3.1%

Oiles Corporation's dividend yield of 3.14% is below the top quartile in Japan, but dividends are well-covered by earnings and cash flows, with payout ratios of 39.9% and 35.7%, respectively. Despite a history of volatility and unreliability in dividend payments over the past decade, recent buybacks totaling ¥684.14 million may signal management's confidence in financial stability. The stock trades significantly below fair value estimates, offering potential for capital appreciation alongside dividend income.

• Dive into the specifics of Oiles here with our thorough dividend report.
• The valuation report we've compiled suggests that Oiles' current price could be inflated.

MS&AD Insurance Group Holdings (TSE:8725)

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

Overview: MS&AD Insurance Group Holdings, Inc. is an insurance holding company that offers a range of insurance and financial services globally, with a market capitalization of approximately ¥4.91 trillion.

Operations: MS&AD Insurance Group Holdings, Inc. generates its revenue through various insurance and financial services offered globally.

Dividend Yield: 3.1%

MS&AD Insurance Group Holdings offers a stable dividend yield of 3.09%, supported by low payout ratios of 22% for earnings and 31.5% for cash flows, ensuring sustainability. Dividends have grown reliably over the past decade without volatility. The company recently completed a share buyback worth ¥60 billion, indicating robust financial health and potential shareholder value enhancement. Trading significantly below fair value estimates, it presents an attractive valuation in the market.

• Delve into the full analysis dividend report here for a deeper understanding of MS&AD Insurance Group Holdings.
• The analysis detailed in our MS&AD Insurance Group Holdings valuation report hints at an deflated share price compared to its estimated value.

Next Steps

• Dive into all 1128 of the Top Asian Dividend Stocks we have identified here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Ready For A Different Approach?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com