Top KRX Dividend Stocks To Watch In June 2024

The South Korean market has shown promising signs of growth, with a 1.1% rise over the last week and an overall increase of 3.7% over the past year. In this environment, where earnings are expected to grow by 29% annually, dividend stocks that offer both stability and potential for income can be particularly appealing to investors looking for opportunities in June 2024.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	4.34%	★★★★★★
NH Investment & Securities (KOSE:A005940)	6.71%	★★★★★☆
Shinhan Financial Group (KOSE:A055550)	4.55%	★★★★★☆
Hyundai Steel (KOSE:A004020)	3.50%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.47%	★★★★★☆
KT (KOSE:A030200)	5.52%	★★★★★☆
LOTTE Fine Chemical (KOSE:A004000)	4.32%	★★★★★☆
KB Financial Group (KOSE:A105560)	3.91%	★★★★★☆
Kyung Nong (KOSE:A002100)	4.87%	★★★★★☆
Cheil Worldwide (KOSE:A030000)	6.09%	★★★★☆☆

Click here to see the full list of 68 stocks from our Top KRX Dividend Stocks screener.

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

Nasmedia (KOSDAQ:A089600)

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

Overview: Nasmedia Co., Ltd. is a digital media representative agency based in South Korea, with a market capitalization of approximately ₩199.44 billion.

Operations: Nasmedia Co., Ltd. primarily generates its revenue through digital media representation in South Korea.

Dividend Yield: 4%

Nasmedia's dividend yield of 3.97% ranks in the top 25% in South Korea, supported by a stable payout ratio of 47% and a cash payout ratio of 72%. While dividends have shown growth, the company's history as a dividend payer is relatively short at under ten years. Recent earnings reports show an increase in net income from KRW 2.88 billion to KRW 3.01 billion year-over-year, suggesting improving financial health which could support future dividends despite its brief dividend-paying history.

• Take a closer look at Nasmedia's potential here in our dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Nasmedia shares in the market.

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 ₩4.12 billion.

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

Dividend Yield: 5.7%

GS Holdings' dividend yield of 5.73% stands well above the South Korean market average, placing it in the top 25% of dividend payers. The dividends are securely backed by both earnings and cash flows, with a low payout ratio of 18.4% and a cash payout ratio of 14.3%. However, despite recent growth forecasts in earnings at an annual rate of 7.77%, GS Holdings has a relatively short history as a dividend payer with only two years on record, indicating potential concerns about the sustainability and stability of future dividends.

• Navigate through the intricacies of GS Holdings with our comprehensive dividend report here.
• The analysis detailed in our GS Holdings valuation report hints at an deflated share price compared to its estimated value.

Tong Yang Life Insurance (KOSE:A082640)

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

Overview: Tong Yang Life Insurance Co., Ltd. operates primarily in the life insurance sector within South Korea, with a market capitalization of approximately ₩817.15 billion.

Operations: Tong Yang Life Insurance Co., Ltd. primarily generates its revenue from the life insurance sector in South Korea.

Dividend Yield: 7.6%

Tong Yang Life Insurance experienced a notable decrease in net income and earnings per share in Q1 2024, with figures dropping to KRW 82.67 billion and KRW 530 respectively from higher values last year. Despite this downturn, the company maintains a strong dividend profile, supported by a low payout ratio of 30.6% and an even lower cash payout ratio of 3.8%, indicating that dividends are well-covered by both earnings and cash flow. Additionally, its dividend yield is high at 7.63%, ranking it among the top quartile in the South Korean market, though it has been paying dividends for only five years which may raise concerns about long-term sustainability.

• Get an in-depth perspective on Tong Yang Life Insurance's performance by reading our dividend report here.
• Our expertly prepared valuation report Tong Yang Life Insurance implies its share price may be lower than expected.

Where To Now?

• Investigate our full lineup of 68 Top KRX Dividend Stocks right here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Looking For Alternative Opportunities?

• 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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