3 KRX Dividend Stocks Yielding Up To 5.8%

Over the last 7 days, the South Korean market has dropped 2.8%, and in the last 12 months, it is down 3.9%. Despite this downturn, earnings are forecast to grow by an impressive 29% annually. In such a fluctuating market, dividend stocks can offer a reliable income stream while providing potential for growth.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.65%	★★★★★★
Woori Financial Group (KOSE:A316140)	4.75%	★★★★★☆
Hansae (KOSE:A105630)	3.41%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.29%	★★★★★☆
KT (KOSE:A030200)	4.83%	★★★★★☆
JW Holdings (KOSE:A096760)	3.39%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.24%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.18%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.56%	★★★★★☆
Korea Cast Iron Pipe Ind (KOSE:A000970)	6.18%	★★★★☆☆

Click here to see the full list of 73 stocks from our Top KRX Dividend Stocks screener.

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

Geumhwa Plant Service & Construction (KOSDAQ:A036190)

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

Overview: Geumhwa Plant Service & Construction Co., Ltd. operates in the construction and plant service industry with a market cap of ₩163.89 billion.

Operations: Geumhwa Plant Service & Construction Co., Ltd. generates revenue primarily from its construction and plant service operations.

Dividend Yield: 4.7%

Geumhwa Plant Service & Construction offers a compelling dividend yield of 4.68%, placing it in the top 25% of South Korean dividend payers. The company's dividends are well-covered by both earnings (payout ratio: 16%) and free cash flows (cash payout ratio: 26.9%), indicating sustainability. However, despite a strong earnings growth of 34.1% over the past year, its five-year dividend history lacks growth and stability, making it less reliable for long-term income investors.

• Take a closer look at Geumhwa Plant Service & Construction's potential here in our dividend report.
• Our valuation report unveils the possibility Geumhwa Plant Service & Construction's shares may be trading at a discount.

Samyang Holdings (KOSE:A000070)

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

Overview: Samyang Holdings Corporation, with a market cap of ₩554.93 billion, operates in chemical, food, packaging, pharmaceutical, and other sectors across South Korea and internationally.

Operations: Samyang Holdings Corporation generates revenue from its chemicals segment (₩1.62 billion) and food segment, including trade (₩1.60 billion).

Dividend Yield: 4.8%

Samyang Holdings has a robust dividend profile with payments covered by earnings (payout ratio: 15.1%) and free cash flows (cash payout ratio: 42.6%). Despite only five years of dividend history, the payments have been stable and growing. Recent financials show strong performance, with net income rising to ₩45.75 billion for the first half of 2024 from ₩32.05 billion a year ago, supporting its ability to maintain dividends in the near term.

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

Samhwa Paints Industrial (KOSE:A000390)

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

Overview: Samhwa Paints Industrial Co., Ltd. manufactures and sells various paints in South Korea and internationally, with a market cap of ₩160.42 billion.

Operations: Samhwa Paints Industrial Co., Ltd. generates revenue primarily from its Paints and Chemicals segment (₩657.78 billion) and IT segment (₩8.73 billion).

Dividend Yield: 5.9%

Samhwa Paints Industrial offers a compelling dividend profile, with a payout ratio of 47.5% and a cash payout ratio of 29.9%, indicating dividends are well-covered by both earnings and cash flows. Despite its attractive yield (5.88%) being in the top 25% of the KR market, the company has an unstable dividend track record over less than ten years, marked by volatility in payments. Its P/E ratio (8.1x) is favorable compared to the KR market average (11.1x).

• Click to explore a detailed breakdown of our findings in Samhwa Paints Industrial's dividend report.
• Our valuation report unveils the possibility Samhwa Paints Industrial's shares may be trading at a premium.

Seize The Opportunity

• Click here to access our complete index of 73 Top KRX Dividend Stocks.
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Curious About Other Options?

• 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.

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