3 Dividend Stocks On KRX With Yields Up To 9.8%

In the last week, the South Korean market has been flat, mirroring its performance over the past 12 months. With earnings expected to grow by 29% per annum over the next few years, identifying dividend stocks with strong yields can be a strategic way to secure steady income amidst stable market conditions.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.48%	★★★★★★
NH Investment & Securities (KOSE:A005940)	5.73%	★★★★★☆
Hansae (KOSE:A105630)	3.17%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.00%	★★★★★☆
KT (KOSE:A030200)	4.98%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.36%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.03%	★★★★★☆
JW Holdings (KOSE:A096760)	3.26%	★★★★★☆
Cheil Worldwide (KOSE:A030000)	5.95%	★★★★☆☆
Samyang (KOSE:A145990)	3.54%	★★★★☆☆

Click here to see the full list of 75 stocks from our Top KRX Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Samsung Fire & Marine Insurance (KOSE:A000810)

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

Overview: Samsung Fire & Marine Insurance Co., Ltd., along with its subsidiaries, offers non-life insurance products and services across Korea, China, the United States, Indonesia, Vietnam, Singapore, and the United Kingdom with a market cap of ₩15.79 trillion.

Operations: Samsung Fire & Marine Insurance Co., Ltd. generates ₩19.00 billion from its insurance business segment.

Dividend Yield: 4.2%

Samsung Fire & Marine Insurance's dividend yield of 4.24% places it in the top 25% of dividend payers in the South Korean market. The company’s payout ratio is a manageable 37.7%, and its cash payout ratio stands at 50.5%, indicating dividends are well-covered by earnings and cash flows. However, despite recent earnings growth of 8.4%, its dividend payments have been volatile over the past nine years, raising concerns about sustainability and reliability for long-term investors.

• Click here and access our complete dividend analysis report to understand the dynamics of Samsung Fire & Marine Insurance.
• Our expertly prepared valuation report Samsung Fire & Marine Insurance implies its share price may be lower than expected.

Hanatour Service (KOSE:A039130)

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

Overview: Hanatour Service Inc. provides travel and related services across South Korea, Northeast and Southeast Asia, the United States, and Europe, with a market cap of ₩785.34 billion.

Operations: Hanatour Service Inc. generates revenue primarily from its trip services segment, which accounts for ₩250.87 billion, and its hotel services segment, contributing ₩23.89 billion.

Dividend Yield: 9.9%

Hanatour Service's dividend yield of 9.86% ranks within the top 25% in the South Korean market. Despite this, its dividends have been volatile and are not well-covered by earnings, with a high payout ratio of 140.3%. Recent earnings reports show increased sales but a decline in net income for Q2 compared to last year. However, dividends are reasonably covered by cash flows due to a cash payout ratio of 61.9%.

• Unlock comprehensive insights into our analysis of Hanatour Service stock in this dividend report.
• Upon reviewing our latest valuation report, Hanatour Service's share price might be too pessimistic.

Hyosung ITX (KOSE:A094280)

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

Overview: Hyosung ITX Co. Ltd, with a market cap of ₩158.85 billion, provides business solutions in South Korea.

Operations: Hyosung ITX Co. Ltd generates revenue primarily from its Data Processing segment, which amounts to ₩503.51 billion.

Dividend Yield: 5.6%

Hyosung ITX's dividend payments have grown over the last 5 years and are covered by earnings with a payout ratio of 70.8%. The cash payout ratio is low at 30.2%, ensuring dividends are well-supported by cash flows. Despite being stable, the company’s dividend history is relatively short, under 10 years. Trading significantly below its estimated fair value, Hyosung ITX offers a competitive yield in the top quartile of South Korean dividend payers.

• Take a closer look at Hyosung ITX's potential here in our dividend report.
• The analysis detailed in our Hyosung ITX valuation report hints at an deflated share price compared to its estimated value.

Taking Advantage

• Investigate our full lineup of 75 Top KRX Dividend Stocks right here.
• 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.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide 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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