KRX Dividend Stocks KISCO Holdings And 2 More Top Picks

Over the last 7 days, the South Korean market has dropped 1.4%, and overall, it has remained flat over the past year. Despite this, earnings are expected to grow by 30% per annum over the next few years, making dividend stocks like KISCO Holdings attractive for their potential stability and income generation in uncertain times.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.67%	★★★★★★
Kangwon Land (KOSE:A035250)	5.51%	★★★★★☆
Woori Financial Group (KOSE:A316140)	4.66%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.44%	★★★★★☆
Hansae (KOSE:A105630)	3.18%	★★★★★☆
KT (KOSE:A030200)	5.03%	★★★★★☆
JW Holdings (KOSE:A096760)	3.41%	★★★★★☆
ORION Holdings (KOSE:A001800)	4.83%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.80%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.10%	★★★★★☆

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

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

KISCO Holdings (KOSE:A001940)

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

Overview: KISCO Holdings Corp., with a market cap of ₩251.33 billion, develops, produces, and sells steel products primarily in South Korea through its subsidiaries.

Operations: KISCO Holdings Corp. generates revenue primarily from its Steel Manufacturing segment, which accounts for ₩1.26 trillion, and also includes a Holding segment contributing ₩25.61 billion.

Dividend Yield: 4.5%

KISCO Holdings offers a dividend yield of 4.52%, placing it in the top 25% of South Korea's market, with dividends well-covered by earnings and cash flows due to low payout ratios (20% and 11.2%, respectively). However, its dividend history is less stable, having been paid for less than ten years with volatility and declines over six years. The stock trades at a significant discount to its estimated fair value, presenting potential value opportunities despite an unstable dividend track record.

• Click to explore a detailed breakdown of our findings in KISCO Holdings' dividend report.
• Our valuation report here indicates KISCO Holdings may be undervalued.

Shinhan Financial Group (KOSE:A055550)

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

Overview: Shinhan Financial Group Co., Ltd. offers a range of financial products and services both in South Korea and internationally, with a market cap of ₩28.30 trillion.

Operations: Shinhan Financial Group Co., Ltd. generates revenue primarily from its banking segment (₩8.95 billion), followed by credit card services (₩2.07 billion) and securities operations (₩818.57 million).

Dividend Yield: 3.8%

Shinhan Financial Group's dividend yield of 3.76% is slightly below the top 25% in South Korea, with dividends well-covered by earnings due to a low payout ratio (37.9%). Despite an increase in dividend payments over the past decade, they have been volatile and unreliable. The company trades at a significant discount to its estimated fair value and recently affirmed quarterly dividends totaling ₩273.36 billion for 506 million shares, indicating ongoing shareholder returns amidst fluctuating payouts.

• Click here and access our complete dividend analysis report to understand the dynamics of Shinhan Financial Group.
• According our valuation report, there's an indication that Shinhan Financial Group's share price might be on the cheaper side.

DONGSUNG CHEMICAL (KOSE:A102260)

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

Overview: Dongsung Chemical Co., Ltd. manufactures and sells chemical products both in South Korea and internationally, with a market cap of ₩213.67 billion.

Operations: Dongsung Chemical Co., Ltd.'s revenue is primarily derived from its Chemical Sector at ₩1.05 billion, with additional contributions from the Heavy Equipment Division at ₩66.16 million, Bio Sector at ₩33.21 million, and Landlord Sector at ₩29.99 million.

Dividend Yield: 4.6%

DONGSUNG CHEMICAL's dividend yield of 4.56% ranks in the top 25% of South Korea's market, supported by robust earnings and cash flow coverage with payout ratios of 32.5% and 16.7%, respectively. However, its five-year dividend history reveals volatility and unreliability, with payments not increasing over this period. The company reported improved net income for the second quarter, yet basic earnings per share from continuing operations decreased significantly to KRW 50 from KRW 154 year-on-year.

• Take a closer look at DONGSUNG CHEMICAL's potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that DONGSUNG CHEMICAL is priced lower than what may be justified by its financials.

Taking Advantage

• Click here to access our complete index of 76 Top KRX Dividend Stocks.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
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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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