Stock Analysis

Top Dividend Stocks On KRX In September 2024

KOSE:A001120
Source: Shutterstock

The South Korean market has seen a modest 1.5% rise over the last week, though it has remained flat over the past 12 months. With earnings projected to grow by 29% annually in the coming years, identifying strong dividend stocks can provide reliable income and potential for capital appreciation amidst these conditions.

Top 10 Dividend Stocks In South Korea

NameDividend YieldDividend Rating
Kia (KOSE:A000270)5.57%★★★★★★
Kangwon Land (KOSE:A035250)5.23%★★★★★☆
Woori Financial Group (KOSE:A316140)4.67%★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)3.36%★★★★★☆
Hansae (KOSE:A105630)3.33%★★★★★☆
KT (KOSE:A030200)4.76%★★★★★☆
Industrial Bank of Korea (KOSE:A024110)7.08%★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)4.48%★★★★★☆
Cheil Worldwide (KOSE:A030000)5.97%★★★★☆☆
Samyang (KOSE:A145990)3.62%★★★★☆☆

Click here to see the full list of 63 stocks from our Top KRX Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

WINS (KOSDAQ:A136540)

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

Overview: WINS Co., Ltd. offers information security solutions and services in South Korea, with a market cap of ₩158.36 billion.

Operations: WINS Co., Ltd. generates revenue of ₩104.58 billion from its Security Software & Services segment.

Dividend Yield: 3.9%

WINS Co., Ltd has been paying dividends for five years, with stable and growing payments. The company's dividend yield is 3.9%, placing it in the top 25% of South Korean dividend payers. Dividends are well covered by earnings (31.4% payout ratio) and free cash flow (32% cash payout ratio). Recent earnings showed increased sales but decreased net income, impacting basic earnings per share from KRW 602 to KRW 303 year-over-year for Q2 2024.

KOSDAQ:A136540 Dividend History as at Sep 2024
KOSDAQ:A136540 Dividend History as at Sep 2024

LX International (KOSE:A001120)

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

Overview: LX International Corp. operates in the trading business both in Korea and internationally, with a market cap of approximately ₩10.88 billion.

Operations: LX International Corp.'s revenue primarily comes from three segments: the Resource Sector (₩1.07 billion), Trading/New Business (₩7.16 billion), and the Logistics Division (₩6.99 billion).

Dividend Yield: 4%

LX International's dividend yield is 3.97%, ranking it in the top 25% of South Korean dividend payers. The dividends are well covered by earnings (35.6% payout ratio) and free cash flow (10.4% cash payout ratio). However, the company has only paid dividends for eight years, with a volatile track record. Recent Q2 2024 results showed significant growth, with sales reaching ₩4 trillion and net income at ₩90.30 billion, up from ₩40.90 billion last year.

KOSE:A001120 Dividend History as at Sep 2024
KOSE:A001120 Dividend History as at Sep 2024

Cuckoo Holdings (KOSE:A192400)

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

Overview: Cuckoo Holdings Co., Ltd., with a market cap of ₩741.22 billion, manufactures and sells electric heaters and daily necessities in South Korea and internationally through its subsidiaries.

Operations: Cuckoo Holdings Co., Ltd. generates revenue primarily from its electric heating appliances segment, amounting to ₩797.73 billion.

Dividend Yield: 4.6%

Cuckoo Holdings' dividend yield of 4.61% places it among the top 25% in South Korea. The dividends are well-covered by earnings (26.7% payout ratio) and cash flows (41.2% cash payout ratio). Despite a stable growth pattern, the company has only been paying dividends for five years, making its track record relatively short compared to more established dividend payers. Earnings have grown at an annual rate of 8.8% over the past five years, supporting future payouts.

KOSE:A192400 Dividend History as at Sep 2024
KOSE:A192400 Dividend History as at Sep 2024

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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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