3 High-Yield Dividend Stocks On KRX With Yields Starting At 3.7%

The South Korean market has shown robust performance, climbing 2.2% in the last week and achieving an 11% increase over the past year, with earnings expected to grow by 30% annually. In this context, high-yield dividend stocks can be particularly appealing for investors looking for both growth potential and steady income streams.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	4.51%	★★★★★★
LOTTE Fine Chemical (KOSE:A004000)	4.32%	★★★★★☆
NH Investment & Securities (KOSE:A005940)	6.13%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	6.98%	★★★★★☆
KT (KOSE:A030200)	5.56%	★★★★★☆
Shinhan Financial Group (KOSE:A055550)	4.04%	★★★★★☆
Kyung Nong (KOSE:A002100)	4.94%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.12%	★★★★★☆
Cheil Worldwide (KOSE:A030000)	6.05%	★★★★☆☆
Tong Yang Life Insurance (KOSE:A082640)	5.34%	★★★★☆☆

Click here to see the full list of 72 stocks from our Top KRX Dividend Stocks screener.

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

Hanwha General Insurance (KOSE:A000370)

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

Overview: Hanwha General Insurance Co., Ltd. operates in South Korea, offering a range of insurance services with a market capitalization of approximately ₩601.23 billion.

Operations: Hanwha General Insurance Co., Ltd. generates ₩5.26 billion from its Property & Casualty insurance segment.

Dividend Yield: 3.8%

Hanwha General Insurance has shown a volatile dividend history over the past 5 years, with payments not consistently growing. Despite this, its current dividend yield of 3.83% ranks in the top 25% of Korean market payers. The dividends are well-covered by both earnings and cash flows, with a payout ratio of 12.2% and a cash payout ratio of 1.4%. Recent buyback activities, including repurchasing 1 million shares for KRW 4.94 billion, aim to stabilize stock prices and enhance shareholder value.

• Dive into the specifics of Hanwha General Insurance here with our thorough dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Hanwha General Insurance shares in the market.

SNT Holdings (KOSE:A036530)

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

Overview: SNT Holdings Co., Ltd operates in the auto parts and industrial facilities sectors, with a market capitalization of approximately ₩308.71 billion.

Operations: SNT Holdings generates ₩1.32 billion from vehicle parts and ₩0.31 billion from industrial equipment sales.

Dividend Yield: 3.7%

SNT Holdings has demonstrated a mixed track record in dividend reliability, with payments showing variability over the past five years. Despite this, the dividends are well-supported by both earnings and cash flows, evidenced by a low payout ratio of 13.4% and a cash payout ratio of 5.7%. Additionally, its Price-To-Earnings ratio stands at 3.6x, significantly below the Korean market average of 12.5x, suggesting potential undervaluation. Recent financials indicate stable sales growth but a slight decrease in net income year-over-year.

• Click here to discover the nuances of SNT Holdings with our detailed analytical dividend report.
• Our comprehensive valuation report raises the possibility that SNT Holdings is priced higher than what may be justified by its financials.

GS Holdings (KOSE:A078930)

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

Overview: GS Holdings Corp., operating through its subsidiaries, is involved in diverse sectors including energy, power generation, retail, service, construction, and infrastructure with a market capitalization of approximately ₩4.46 billion.

Operations: GS Holdings Corp. generates revenue primarily from energy, power generation, retail, service, construction, and infrastructure sectors.

Dividend Yield: 5.3%

GS Holdings, trading 4.3% below estimated fair value, offers a compelling dividend yield at 5.29%, ranking in the top 25% in the South Korean market. Despite a short dividend history of less than 10 years and only two years of growth, dividends are well-supported by earnings and cash flows with payout ratios at 18.4% and cash payout ratios at 14.3%, respectively. However, its share price has shown high volatility recently, which may concern conservative investors seeking stability.

• Get an in-depth perspective on GS Holdings' performance by reading our dividend report here.
• According our valuation report, there's an indication that GS Holdings' share price might be on the cheaper side.

Next Steps

• Explore the 72 names from our Top KRX Dividend Stocks screener here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

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.

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