3 High Yield Dividend Stocks On KRX With Yields Starting At 4.8%

The South Korean market has shown robust growth, rising 2.2% in the last week and achieving an 11% increase over the past twelve months, with earnings expected to grow by 30% annually. In this dynamic environment, high-yield dividend stocks are particularly appealing for investors looking for both stability and strong returns.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	4.43%	★★★★★★
LOTTE Fine Chemical (KOSE:A004000)	4.33%	★★★★★☆
NH Investment & Securities (KOSE:A005940)	6.18%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	6.91%	★★★★★☆
KT (KOSE:A030200)	5.50%	★★★★★☆
Shinhan Financial Group (KOSE:A055550)	3.93%	★★★★★☆
Kyung Nong (KOSE:A002100)	4.95%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.16%	★★★★★☆
Cheil Worldwide (KOSE:A030000)	6.00%	★★★★☆☆
Korea Cast Iron Pipe Ind (KOSE:A000970)	6.12%	★★★★☆☆

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

Let's uncover some gems from our specialized screener.

Samhwa Paints Industrial (KOSE:A000390)

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

Overview: Samhwa Paints Industrial Co., Ltd. is a company based in South Korea that specializes in the manufacturing and selling of various paints, both domestically and internationally, with a market capitalization of approximately ₩195.57 billion.

Operations: Samhwa Paints Industrial Co., Ltd. generates revenue through the production and international sale of a diverse range of paint products.

Dividend Yield: 4.8%

Samhwa Paints Industrial has demonstrated robust earnings growth, with a notable increase to KRW 3.27 billion in net income for Q1 2024. Despite this, the company's dividend history is marked by volatility and inconsistency over its brief five-year dividend-paying period. The dividends, yielding 4.83%, rank well in South Korea's top quartile but are supported by a moderate payout ratio of 49.4% and a cash payout ratio of 25.8%, suggesting reasonable coverage by both earnings and cash flows. However, the stock's price has been highly volatile recently.

• Delve into the full analysis dividend report here for a deeper understanding of Samhwa Paints Industrial.
• Our valuation report here indicates Samhwa Paints Industrial may be undervalued.

JB Financial Group (KOSE:A175330)

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

Overview: JB Financial Group Co., Ltd. operates primarily in the banking sector, offering a range of financial products and services both domestically in South Korea and internationally, with a market capitalization of approximately ₩3.04 billion.

Operations: JB Financial Group Co., Ltd. generates its revenue primarily from banking products and services provided across South Korea and various international markets.

Dividend Yield: 5.4%

JB Financial Group has a dividend yield of 5.39%, placing it in the top 25% of Korean dividend stocks. Recent dividends were KRW 120 and KRW 105, showing growth from previous payments. The company's dividends are well-covered by earnings with a low payout ratio of 28.8%, indicating sustainability. Despite trading at a significant discount to its estimated fair value, JB Financial's dividend history is short and somewhat unstable, having been initiated only eight years ago.

• Dive into the specifics of JB Financial Group here with our thorough dividend report.
• The analysis detailed in our JB Financial Group valuation report hints at an deflated share price compared to its estimated value.

JS (KOSE:A194370)

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

Overview: JS Corporation specializes in the manufacturing and selling of handbags globally, with a market capitalization of approximately ₩242.80 billion.

Operations: JS Corporation generates its revenue primarily through the global production and sales of handbags.

Dividend Yield: 4.8%

A194370 offers a dividend yield of 4.84%, ranking in the upper quartile of South Korean dividend stocks. Despite its appealing yield and dividends being well-covered by both earnings (payout ratio: 23.1%) and cash flows (cash payout ratio: 15.1%), the company's dividend history is marred by instability, with volatile payments over its brief four-year dividend-paying period. Additionally, A194370 trades at a 45.4% discount to estimated fair value but carries high debt levels, which could impact future financial flexibility.

• Get an in-depth perspective on JS' performance by reading our dividend report here.
• In light of our recent valuation report, it seems possible that JS is trading behind its estimated value.

Make It Happen

• Investigate our full lineup of 72 Top KRX Dividend Stocks right here.
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Searching for a Fresh Perspective?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
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• 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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