3 KRX Dividend Stocks Yielding Up To 5.7%

Over the last 7 days, the South Korean market has risen 4.1%, and over the past year, it has climbed 5.2%. With earnings expected to grow by 28% per annum over the next few years, investors might find dividend stocks particularly appealing for their potential to provide steady income alongside capital appreciation.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.29%	★★★★★★
NH Investment & Securities (KOSE:A005940)	5.92%	★★★★★☆
Hyundai Steel (KOSE:A004020)	3.87%	★★★★★☆
LOTTE Fine Chemical (KOSE:A004000)	4.52%	★★★★★☆
Shinhan Financial Group (KOSE:A055550)	3.78%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.19%	★★★★★☆
KT (KOSE:A030200)	5.28%	★★★★★☆
Kyung Nong (KOSE:A002100)	6.85%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.25%	★★★★★☆
Korea Cast Iron Pipe Ind (KOSE:A000970)	6.01%	★★★★☆☆

Click here to see the full list of 69 stocks from our Top KRX Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

DB Insurance (KOSE:A005830)

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

Overview: DB Insurance Co., Ltd. offers a range of insurance products and services in South Korea and has a market cap of ₩6.36 trillion.

Operations: DB Insurance Co., Ltd. generates revenue from three main segments: ₩1.46 billion from the Life Insurance Sector, ₩19.25 billion from the Non-Life Insurance Sector, and ₩39.87 million from the Installment Finance Sector.

Dividend Yield: 5%

DB Insurance offers a compelling dividend profile with its low payout ratio of 17.7% and cash payout ratio of 7.9%, ensuring dividends are well covered by earnings and cash flows. The stock trades at 85.4% below its estimated fair value, presenting a good relative value compared to peers. While the dividend yield is in the top 25% of payers in South Korea, the company has only been paying dividends for four years, indicating an unstable track record despite recent growth.

• Navigate through the intricacies of DB Insurance with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that DB Insurance is priced lower than what may be justified by its financials.

Youngone Holdings (KOSE:A009970)

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

Overview: Youngone Holdings Co., Ltd. manufactures and sells apparel, footwear, gear, sportswear, and jackets in South Korea and internationally with a market cap of ₩959.73 billion.

Operations: Youngone Holdings Co., Ltd. generates revenue from the sale of apparel, footwear, gear, sportswear, and jackets both domestically and internationally.

Dividend Yield: 5.7%

Youngone Holdings' dividend yield (5.73%) is among the top 25% in South Korea, supported by a low payout ratio of 13.3% and cash payout ratio of 9.9%, ensuring sustainability from earnings and cash flows. The stock's P/E ratio (2.8x) indicates good value compared to the market average (11.9x). Although dividends have grown over five years, their relatively short payment history suggests some caution for long-term reliability despite stable recent payouts.

• Unlock comprehensive insights into our analysis of Youngone Holdings stock in this dividend report.
• The valuation report we've compiled suggests that Youngone Holdings' current price could be quite moderate.

Woori Financial Group (KOSE:A316140)

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

Overview: Woori Financial Group Inc., with a market cap of ₩11.45 trillion, operates as a commercial bank offering various financial services to individual, business, and institutional customers in Korea.

Operations: Woori Financial Group Inc.'s revenue segments include Banking (₩7.41 billion), Capital (₩281.91 million), Credit Cards (₩440.47 million), and Investment Banking (-₩24.07 million).

Dividend Yield: 4.7%

Woori Financial Group's dividend yield (4.67%) ranks in the top 25% of South Korea's market, with a low payout ratio of 34%, indicating good coverage by earnings. The company has been paying dividends for less than 10 years, with a history of volatility and shareholder dilution. Recent earnings reports show increased net income and basic EPS year-over-year, supporting the sustainability of future dividends despite an unstable track record.

• Click to explore a detailed breakdown of our findings in Woori Financial Group's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Woori Financial Group shares in the market.

Key Takeaways

• Access the full spectrum of 69 Top KRX Dividend Stocks by clicking on this link.
• 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.
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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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