Top KRX Dividend Stocks To Watch In October 2024

As the South Korean stock market shows signs of cautious optimism, with the KOSPI index hovering just below the 2,600-point mark amid mixed performances across sectors, investors are keeping a close eye on interest rate developments and global economic indicators. In this context, dividend stocks can offer a stable income stream and potential buffer against market volatility, making them an attractive option for those seeking consistent returns in uncertain times.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.54%	★★★★★★
Kangwon Land (KOSE:A035250)	5.59%	★★★★★☆
Woori Financial Group (KOSE:A316140)	4.53%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.44%	★★★★★☆
Hansae (KOSE:A105630)	3.16%	★★★★★☆
KT (KOSE:A030200)	4.98%	★★★★★☆
JW Holdings (KOSE:A096760)	3.44%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.76%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.10%	★★★★★☆
ORION Holdings (KOSE:A001800)	4.72%	★★★★★☆

Click here to see the full list of 77 stocks from our Top KRX Dividend Stocks screener.

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

S-1 (KOSE:A012750)

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

Overview: S-1 Corporation offers safety and security services both in South Korea and internationally, with a market cap of ₩1.97 trillion.

Operations: S-1 Corporation generates revenue primarily from its Security Service Sector, amounting to ₩1.35 trillion, and its Infrastructure Service Sector, contributing ₩1.53 trillion.

Dividend Yield: 4.6%

S-1 Corporation, a dividend payer for five years, offers a yield in the top 25% of the South Korean market. Its dividends are well-covered by earnings and cash flows, with payout ratios of 49.5% and 38.7%, respectively. While its dividend history is short, payments have been stable and growing with minimal volatility. Recent earnings showed increased sales but slightly decreased net income over six months, indicating potential challenges amidst growth prospects.

• Click to explore a detailed breakdown of our findings in S-1's dividend report.
• Our comprehensive valuation report raises the possibility that S-1 is priced lower than what may be justified by its financials.

Dong Suh Companies (KOSE:A026960)

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

Overview: Dong Suh Companies Inc. operates in the food, packaging, tea, logistics, and import and export sectors with a market capitalization of ₩1.88 trillion.

Operations: Dong Suh Companies Inc. generates revenue from its Food Business with ₩248.50 billion, Manufacturing at ₩148.16 billion, and Purchasing and Export contributing ₩102.22 billion.

Dividend Yield: 4.1%

Dong Suh Companies has been paying dividends for seven years, with a yield in the top 25% of the South Korean market. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 46.3% and 59.5%, respectively, indicating sustainability despite its short dividend history. Although the dividend track record is unstable, payments have grown consistently with little volatility, suggesting reliability for investors seeking income in this sector.

• Get an in-depth perspective on Dong Suh Companies' performance by reading our dividend report here.
• Our valuation report unveils the possibility Dong Suh Companies' shares may be trading at a discount.

TKG Huchems (KOSE:A069260)

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

Overview: TKG Huchems Co., Ltd. manufactures and sells fine chemical products in South Korea and internationally, with a market cap of approximately ₩759.36 billion.

Operations: TKG Huchems Co., Ltd. generates its revenue primarily from its manufacturing segment, which accounts for approximately ₩1.04 billion.

Dividend Yield: 5.1%

TKG Huchems offers a dividend yield in the top 25% of the South Korean market, supported by a payout ratio of 37.9%, indicating coverage by earnings. However, its dividend history is less than ten years and has shown volatility with significant annual drops. Despite trading at a substantial discount to estimated fair value and having dividends covered by cash flows (57.7%), its unreliable track record may concern income-focused investors following recent declines in earnings and sales.

• Navigate through the intricacies of TKG Huchems with our comprehensive dividend report here.
• Upon reviewing our latest valuation report, TKG Huchems' share price might be too pessimistic.

Key Takeaways

• Access the full spectrum of 77 Top KRX Dividend Stocks by clicking on this link.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
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Want To Explore Some Alternatives?

• 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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