3 KRX Dividend Stocks With Up To 8.4% Yield

Over the last 7 days, the South Korean market has dropped 4.2%, and overall, it has remained flat over the past year. Despite this, earnings are expected to grow by 29% per annum over the next few years, making dividend stocks with high yields an attractive option for investors seeking steady income amidst market volatility.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.56%	★★★★★★
NH Investment & Securities (KOSE:A005940)	5.78%	★★★★★☆
Hansae (KOSE:A105630)	3.26%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.08%	★★★★★☆
KT (KOSE:A030200)	4.85%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.46%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.50%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.17%	★★★★★☆
JW Holdings (KOSE:A096760)	3.43%	★★★★★☆
Tong Yang Life Insurance (KOSE:A082640)	6.45%	★★★★☆☆

Click here to see the full list of 76 stocks from our Top KRX Dividend Stocks screener.

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

LOTTE Fine Chemical (KOSE:A004000)

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

Overview: LOTTE Fine Chemical Co., Ltd. manufactures and sells chemical products in Korea and has a market cap of ₩1.29 trillion.

Operations: LOTTE Fine Chemical Co., Ltd. generates revenue from two main segments: ₩1.15 trillion from the Chemical Division and ₩543.11 billion from the Green Materials Division.

Dividend Yield: 4%

LOTTE Fine Chemical's dividend yield of 3.95% is among the top 25% in South Korea, but its sustainability is questionable due to a high cash payout ratio of 138.6%. Despite recent earnings improvements, with net income reaching ₩43.27 billion for Q2 2024 compared to a net loss last year, profit margins have declined from 13.1% to 7.6%. The stock trades at good value relative to peers and analysts expect a price increase of around 28.2%.

• Navigate through the intricacies of LOTTE Fine Chemical with our comprehensive dividend report here.
• In light of our recent valuation report, it seems possible that LOTTE Fine Chemical is trading behind its estimated value.

Hyundai G.F. Holdings (KOSE:A005440)

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

Overview: Hyundai G.F. Holdings Co., Ltd. operates in the rental and investment sectors with a market cap of ₩787.32 billion.

Operations: Hyundai G.F. Holdings Co., Ltd. generates revenue primarily through its rental and investment activities.

Dividend Yield: 4%

Hyundai G.F. Holdings' dividend yield of 3.96% places it in the top 25% of South Korean dividend payers, though its dividends have been volatile over the past eight years. Despite this instability, the company's low payout ratio of 1.8% and cash payout ratio of 27.2% indicate that dividends are well covered by both earnings and cash flows. Recent Q&A sessions highlighted management strategies and market insights, potentially addressing investor concerns about long-term sustainability.

• Click here to discover the nuances of Hyundai G.F. Holdings with our detailed analytical dividend report.
• Our comprehensive valuation report raises the possibility that Hyundai G.F. Holdings is priced lower than what may be justified by its financials.

Muhak (KOSE:A033920)

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

Overview: Muhak Co., Ltd. manufactures and sells liquors in South Korea, with a market cap of ₩163.69 billion.

Operations: Muhak Co., Ltd. generates revenue primarily from its Liquor Division, which accounts for ₩146.33 billion, and additionally from its Other Business Division, contributing ₩2.94 billion.

Dividend Yield: 8.4%

Muhak's dividend yield of 8.41% ranks it among the top 25% in South Korea, though its seven-year payment history has been inconsistent. Despite this volatility, dividends are well covered by both earnings (27.1% payout ratio) and cash flows (81.4% cash payout ratio). Trading at 37.3% below estimated fair value, Muhak recently declared a KRW130 per share dividend with an ex-dividend date of June 14, 2024, payable on June 27, 2024.

• Get an in-depth perspective on Muhak's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Muhak's share price might be too pessimistic.

Summing It All Up

• Click through to start exploring the rest of the 73 Top KRX Dividend Stocks now.
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Seeking Other Investments?

• 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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