3 KRX Dividend Stocks With Yields Between 4% And 8.3%

The South Korean market has climbed by 7.9% over the past week, with every sector up and the Information Technology sector leading the way, although it has been flat overall in the last year. In this context of anticipated earnings growth of 28% annually, dividend stocks with yields between 4% and 8.3% can offer a compelling mix of income and potential capital appreciation.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.45%	★★★★★★
NH Investment & Securities (KOSE:A005940)	6.00%	★★★★★☆
LOTTE Fine Chemical (KOSE:A004000)	4.49%	★★★★★☆
Hyundai Steel (KOSE:A004020)	3.91%	★★★★★☆
KT (KOSE:A030200)	5.17%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.22%	★★★★★☆
Kyung Nong (KOSE:A002100)	6.88%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.36%	★★★★★☆
Hansae Yes24 Holdings (KOSE:A016450)	5.60%	★★★★☆☆
Korea Cast Iron Pipe Ind (KOSE:A000970)	6.01%	★★★★☆☆

Click here to see the full list of 70 stocks from our Top KRX Dividend Stocks screener.

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

Nasmedia (KOSDAQ:A089600)

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

Overview: Nasmedia Co., Ltd. operates as a digital media representative agency in South Korea and has a market cap of ₩195.03 billion.

Operations: Nasmedia Co., Ltd. generates revenue primarily through its Advertising Agency segment, which contributed ₩37.61 billion, and its Advertising Media Sales Agency segment, which brought in ₩109.01 billion.

Dividend Yield: 4.1%

Nasmedia's dividend yield of 4.06% places it in the top 25% of dividend payers in South Korea, supported by a low payout ratio of 47%, indicating sustainability. Despite only five years of dividend history, payments have been stable and growing. Recent earnings show growth with net income rising to ₩3 billion from ₩2.88 billion year-over-year, suggesting continued profitability which supports future dividends. However, the stock trades significantly below its estimated fair value, presenting potential for capital appreciation alongside dividends.

• Click to explore a detailed breakdown of our findings in Nasmedia's dividend report.
• In light of our recent valuation report, it seems possible that Nasmedia is trading behind its estimated value.

Hyundai Marine & Fire Insurance (KOSE:A001450)

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

Overview: Hyundai Marine & Fire Insurance Co., Ltd., with a market cap of ₩2.80 trillion, operates in the insurance industry providing various insurance products and services.

Operations: Hyundai Marine & Fire Insurance Co., Ltd. generates revenue primarily from the financial industry, amounting to ₩1.36 trillion, and additionally from the non-financial industry, contributing ₩17.52 billion.

Dividend Yield: 5.8%

Hyundai Marine & Fire Insurance reported a significant increase in net income for Q1 2024, reaching ₩373.25 billion from ₩213.56 billion the previous year, with EPS doubling to ₩4,760. Despite profit margins dropping from 8.7% to 5.2%, dividends are well-covered by earnings (21.6% payout ratio) and cash flows (7.5%). However, the dividend history is short and volatile over five years, though it remains among the top 25% of KR market payers at 5.79%.

• Delve into the full analysis dividend report here for a deeper understanding of Hyundai Marine & Fire Insurance.
• Upon reviewing our latest valuation report, Hyundai Marine & Fire Insurance's share price might be too pessimistic.

BNK Financial Group (KOSE:A138930)

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

Overview: BNK Financial Group Inc., with a market cap of ₩3.15 trillion, offers a range of financial products and services both in South Korea and internationally through its subsidiaries.

Operations: BNK Financial Group Inc.'s revenue segments include Busan Bank (₩1.29 billion), BNK Capital (₩212.08 million), Gyeongnam Bank (₩938.74 million), BNK Savings Bank (₩35.55 million), and BNK Investments Securities (₩125.50 million).

Dividend Yield: 8.4%

BNK Financial Group's dividend payments have been stable and growing, though the company has only paid dividends for five years. With a payout ratio of 48.7%, dividends are well covered by earnings and forecasted to remain sustainable with a lower future payout ratio of 28.4%. The recent share repurchase program worth ₩20 billion aims to enhance shareholder value, potentially benefiting dividend investors further. Despite its short dividend history, it offers an attractive yield in South Korea's market.

• Get an in-depth perspective on BNK Financial Group's performance by reading our dividend report here.
• Our valuation report unveils the possibility BNK Financial Group's shares may be trading at a discount.

Seize The Opportunity

• Delve into our full catalog of 70 Top KRX Dividend Stocks 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.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Want To Explore Some Alternatives?

• 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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