Stock Analysis

Top Asian Dividend Stocks For March 2025

SEHK:168
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Amid global economic uncertainties and regulatory challenges, Asian markets have been navigating a complex landscape influenced by geopolitical tensions and inflationary pressures. As investors seek stability and income generation in this environment, dividend stocks have emerged as an attractive option due to their potential for providing regular income streams. Identifying strong dividend stocks involves looking for companies with solid financial health, consistent earnings, and a commitment to shareholder returns.

Top 10 Dividend Stocks In Asia

NameDividend YieldDividend Rating
Chongqing Rural Commercial Bank (SEHK:3618)8.52%★★★★★★
Wuliangye YibinLtd (SZSE:000858)3.97%★★★★★★
CAC Holdings (TSE:4725)5.19%★★★★★★
Tsubakimoto Chain (TSE:6371)4.14%★★★★★★
Daito Trust ConstructionLtd (TSE:1878)3.94%★★★★★★
Nissan Chemical (TSE:4021)3.87%★★★★★★
GakkyushaLtd (TSE:9769)4.31%★★★★★★
Guangxi LiuYao Group (SHSE:603368)3.48%★★★★★★
HUAYU Automotive Systems (SHSE:600741)4.21%★★★★★★
Chudenko (TSE:1941)3.81%★★★★★★

Click here to see the full list of 1141 stocks from our Top Asian Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Tsingtao Brewery (SEHK:168)

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

Overview: Tsingtao Brewery Company Limited, along with its subsidiaries, is involved in the production, distribution, wholesale, and retail sale of beer products across Mainland China, Hong Kong, Macau, and international markets with a market cap of approximately HK$87.95 billion.

Operations: Tsingtao Brewery's revenue primarily stems from its beer production and sales operations in Mainland China, Hong Kong, Macau, and international markets.

Dividend Yield: 4%

Tsingtao Brewery's dividend profile shows both strengths and weaknesses. The company has a history of stable and growing dividends over the past decade, supported by high-quality earnings with a reasonable payout ratio of 62.6%. However, its current dividend yield of 4.02% is below top-tier levels in Hong Kong, and cash flow coverage is weak with a cash payout ratio at 150.9%. Recent leadership changes are not expected to disrupt its strategic direction or corporate governance stability.

SEHK:168 Dividend History as at Mar 2025
SEHK:168 Dividend History as at Mar 2025

Dong-E-E-JiaoLtd (SZSE:000423)

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

Overview: Dong-E-E-Jiao Co., Ltd. engages in the research, development, production, and sale of Ejiao along with various Chinese patent medicines, health foods, and foods, with a market cap of CN¥37.19 billion.

Operations: Dong-E-E-Jiao Co., Ltd.'s revenue primarily comes from the operation of Ejiao and its series of products, totaling CN¥5.62 billion.

Dividend Yield: 4%

Dong-E-E-Jiao Ltd. offers a mixed dividend profile with a notable yield of 3.96%, placing it among the top 25% in China, though its high payout ratio of 123.8% raises sustainability concerns. Cash flow coverage is reasonable at 72.7%, but past dividend volatility and unreliability are drawbacks for income-focused investors. Recent corporate guidance indicates strong earnings growth, driven by strategic initiatives across pharmaceuticals and health consumer products, which may support future dividend stability if sustained effectively.

SZSE:000423 Dividend History as at Mar 2025
SZSE:000423 Dividend History as at Mar 2025

Ryoden (TSE:8084)

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

Overview: Ryoden Corporation operates in the sale of factory automation systems, cooling and heating systems, information and communication technologies, facilities systems, and electronics both in Japan and internationally, with a market cap of ¥54.47 billion.

Operations: Ryoden Corporation's revenue is derived from the sale of factory automation systems, cooling and heating systems, information and communication technologies, facilities systems, and electronics.

Dividend Yield: 4.3%

Ryoden's dividend profile is characterized by a strong yield of 4.27%, ranking in the top 25% of Japanese dividend payers. The dividends are well-supported by earnings and cash flows, with payout ratios of 58.1% and 16.9%, respectively, indicating sustainability despite historical volatility over the past decade. Recent share buybacks totaling ¥1,019.47 million signal a commitment to enhancing shareholder returns through flexible capital policies, although past dividend instability may concern some investors seeking reliability.

TSE:8084 Dividend History as at Mar 2025
TSE:8084 Dividend History as at Mar 2025

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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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