Kyung Nong And Two More Top Dividend Stocks On KRX

Recently, the South Korean stock market has experienced a slight dip of 2.1% over the last week, though it still shows a positive annual growth of 4.3%, with earnings expected to increase by an impressive 30% annually. In this dynamic environment, dividend-paying stocks like Kyung Nong can offer investors potential stability and regular income, making them particularly appealing choices for those looking to navigate through fluctuating market conditions.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	4.82%	★★★★★★
LOTTE Fine Chemical (KOSE:A004000)	4.19%	★★★★★☆
NH Investment & Securities (KOSE:A005940)	5.90%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.05%	★★★★★☆
KT (KOSE:A030200)	5.39%	★★★★★☆
Shinhan Financial Group (KOSE:A055550)	3.93%	★★★★★☆
Kyung Nong (KOSE:A002100)	4.80%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.23%	★★★★★☆
Korea Cast Iron Pipe Ind (KOSE:A000970)	5.91%	★★★★☆☆
Hansae Yes24 Holdings (KOSE:A016450)	5.36%	★★★★☆☆

Click here to see the full list of 71 stocks from our Top KRX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Kyung Nong (KOSE:A002100)

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

Overview: Kyung Nong Corporation, based in South Korea, specializes in the production and sale of agricultural chemicals, with a market capitalization of approximately ₩186 billion.

Operations: Kyung Nong Corporation's primary business activity involves the production and marketing of agricultural chemicals.

Dividend Yield: 4.8%

Kyung Nong Corporation maintains a balanced approach to dividends, with a payout ratio and cash payout ratio both around 50%, ensuring dividends are well-covered by earnings and cash flows. However, the dividend history shows volatility and unreliability over the past decade, despite being in the top 25% of Korean dividend payers with a current yield of 4.8%. Recent financials indicate a downturn in sales and net income, impacting profitability from KRW 159.25 billion to KRW 136.72 billion year-over-year, alongside reduced earnings per share from KRW 1,698 to KRW 1,536.

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

NH Investment & Securities (KOSE:A005940)

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

Overview: NH Investment & Securities Co., Ltd. operates in wealth management, investment banking, trading, and equity sales both domestically in South Korea and internationally, with a market capitalization of approximately ₩4.66 trillion.

Operations: NH Investment & Securities Co., Ltd. generates revenue through wealth management (₩2.83 billion), trading (₩3.26 billion), and investment banking (₩0.87 billion).

Dividend Yield: 5.9%

NH Investment & Securities Co., Ltd. reported a notable increase in net income to KRW 225.47 billion for Q1 2024, up from KRW 184.08 billion in the previous year, supporting a solid dividend profile with a payout ratio of 46.9% and cash payout ratio of 31.1%. Despite this financial growth, dividends have shown volatility over the last decade, with some years experiencing significant drops. The stock is currently trading at an attractive valuation, 39.4% below estimated fair value and offers a high yield of 5.9%, ranking well within the top dividend payers in South Korea.

• Navigate through the intricacies of NH Investment & Securities with our comprehensive dividend report here.
• Our expertly prepared valuation report NH Investment & Securities implies its share price may be lower than expected.

HDC I-Controls (KOSE:A039570)

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

Overview: HDC I-Controls Co., Ltd. specializes in construction IT solutions across South Korea, Southeast Asia, and the Middle East, with a market capitalization of approximately ₩200.11 billion.

Operations: HDC I-Controls Co., Ltd. generates revenue from various segments, including Smart Home (₩128.82 billion), Landscaping and Interior (₩89.72 billion), Electrical and Electronics (₩146.79 billion), and Comprehensive Real Estate Management (₩251.20 billion).

Dividend Yield: 5.2%

HDC I-Controls reported a decrease in net income to KRW 1.76 billion in Q1 2024 from KRW 2.77 billion the previous year, with sales rising to KRW 133.58 million from KRW 123.33 million. Despite this, dividends remain supported by earnings and cash flows, with an earnings payout ratio of 85.1% and a cash payout ratio of 64.1%. However, the company's dividend history is relatively short at eight years, and its share price has been highly volatile recently.

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

Summing It All Up

• Click here to access our complete index of 71 Top KRX Dividend Stocks.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Curious About Other Options?

• 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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