Top KRX Dividend Stocks To Own In September 2024

Over the last 7 days, the South Korean market has dropped 5.7%, driven by declines in every sector. Despite a 3.9% decline over the past year, earnings are expected to grow by 29% per annum in the coming years, making it crucial to identify dividend stocks that can provide stability and income amidst market volatility.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.82%	★★★★★★
Shinhan Financial Group (KOSE:A055550)	3.95%	★★★★★☆
KB Financial Group (KOSE:A105560)	3.93%	★★★★★☆
Hansae (KOSE:A105630)	3.46%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.42%	★★★★★☆
KT (KOSE:A030200)	4.86%	★★★★★☆
JW Holdings (KOSE:A096760)	3.45%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.35%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.71%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.22%	★★★★★☆

Click here to see the full list of 74 stocks from our Top KRX Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

KISCO Holdings (KOSE:A001940)

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

Overview: KISCO Holdings Corp., with a market cap of ₩235.67 billion, develops, produces, and sells steel products primarily in South Korea through its subsidiaries.

Operations: KISCO Holdings Corp. generates revenue through its subsidiaries primarily from Steel Manufacturing, which accounts for ₩1.26 trillion, and Holding activities, contributing ₩25.61 billion.

Dividend Yield: 4.8%

KISCO Holdings has been paying dividends for 6 years, but payments have decreased and shown volatility. Despite this, the dividend yield of 4.82% is higher than the KR market average of 3.88%, and with a low payout ratio of 20% and a cash payout ratio of 11.2%, the dividends are well covered by earnings and cash flows. However, its unstable track record raises concerns about future reliability despite trading at a significant discount to estimated fair value.

• Delve into the full analysis dividend report here for a deeper understanding of KISCO Holdings.
• In light of our recent valuation report, it seems possible that KISCO Holdings is trading behind its estimated value.

HMMLtd (KOSE:A011200)

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

Overview: HMM Co., Ltd, an integrated logistics company with a market cap of ₩12.35 trillion, provides shipping and logistics services worldwide.

Operations: HMM Co., Ltd generates revenue primarily from its Container segment (₩7.62 trillion) and Tankers & Dry Bulkers segment (₩1.35 trillion).

Dividend Yield: 4.2%

HMM Ltd. has shown strong recent earnings growth, with net income for the second quarter reaching ₩660.86 billion, significantly up from ₩312.63 billion a year ago. Despite this, its dividend history is unstable and has seen volatility over the past two years. The dividend yield of 4.25% is among the top in South Korea, and dividends are well covered by both earnings (payout ratio: 30.9%) and cash flows (cash payout ratio: 32.9%).

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

NICE Information Service (KOSE:A030190)

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

Overview: NICE Information Service Co., Ltd. offers credit evaluation, credit inquiries, credit investigations, and debt collection services in South Korea with a market cap of ₩575.37 billion.

Operations: NICE Information Service Co., Ltd. generates revenue primarily from corporate and personal credit information (₩426.03 billion) and debt collection services (₩68.44 billion).

Dividend Yield: 4.1%

NICE Information Service reported strong earnings growth, with net income for the second quarter at ₩18.75 billion, up from ₩16.81 billion a year ago. The company’s dividend yield is in the top 25% of South Korean payers, and dividends are well covered by both earnings (payout ratio: 39.2%) and cash flows (cash payout ratio: 31.8%). However, its dividend history is relatively short at five years, though payments have been stable and growing.

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

Summing It All Up

• Reveal the 74 hidden gems among our Top KRX Dividend Stocks screener with a single click here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Interested In Other Possibilities?

• 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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