3 Top KRX Dividend Stocks Yielding Up To 5.9%

The South Korea stock market has finished lower in three straight sessions, plunging more than 105 points or 4 percent along the way. The KOSPI now rests just above the 2,575-point plateau although it's due for support on Friday. In such a fluctuating market environment, dividend stocks can offer a measure of stability and income for investors. Here are three top KRX dividend stocks yielding up to 5.9%.

Top 10 Dividend Stocks In South Korea

Name	Dividend Yield	Dividend Rating
Kia (KOSE:A000270)	5.60%	★★★★★★
Hansae (KOSE:A105630)	3.36%	★★★★★☆
KT (KOSE:A030200)	4.85%	★★★★★☆
Industrial Bank of Korea (KOSE:A024110)	7.09%	★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100)	3.54%	★★★★★☆
Kyung Nong (KOSE:A002100)	7.25%	★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810)	4.55%	★★★★★☆
JW Holdings (KOSE:A096760)	3.48%	★★★★★☆
Tong Yang Life Insurance (KOSE:A082640)	6.61%	★★★★☆☆
Samyang (KOSE:A145990)	3.66%	★★★★☆☆

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

We're going to check out a few of the best picks from our screener tool.

GOLFZON NEWDIN HOLDINGS (KOSDAQ:A121440)

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

Overview: GOLFZON NEWDIN HOLDINGS Co., Ltd., with a market cap of ₩171.16 billion, operates through its subsidiaries in the golf, sports, health, and lifestyle sectors both in South Korea and internationally.

Operations: GOLFZON NEWDIN HOLDINGS Co., Ltd. generates revenue through its landlord operations (₩55.41 billion), golf course rentals (₩7.48 billion), and distribution business (₩340.01 billion).

Dividend Yield: 4.1%

GOLFZON NEWDIN HOLDINGS offers a dividend yield of 4.08%, placing it in the top 25% of dividend payers in South Korea. Despite a decline in profit margins from 14.2% to 7.4%, its dividends are well-covered by earnings (23.1% payout ratio) and cash flows (29.5% cash payout ratio). Recent buyback programs totaling KRW 15 billion aim to stabilize stock prices and enhance shareholder value, potentially benefiting long-term investors focused on dividends.

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

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 ₩28.91 trillion.

Operations: Shinhan Financial Group Co., Ltd. generates revenue primarily from its banking (₩8.95 billion), credit card (₩2.07 billion), and securities (₩818.57 million) segments, while also offering insurance services despite a negative contribution of ₩237.62 million.

Dividend Yield: 3.7%

Shinhan Financial Group’s dividend payments have been volatile over the past decade, yet they are currently well-covered by earnings with a payout ratio of 37.9%. The company recently affirmed quarterly dividends totaling KRW 273.36 billion and completed a share buyback worth KRW 150 billion. Despite trading at a significant discount to its estimated fair value, Shinhan's dividend yield is slightly below the top tier in the Korean market.

• Unlock comprehensive insights into our analysis of Shinhan Financial Group stock in this dividend report.
• Our valuation report here indicates Shinhan Financial Group may be undervalued.

JB Financial Group (KOSE:A175330)

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

Overview: JB Financial Group Co., Ltd., with a market cap of ₩2.76 trillion, operates through its subsidiaries to offer banking products and services both in South Korea and internationally.

Operations: JB Financial Group Co., Ltd. generates revenue through its subsidiaries by providing a range of banking products and services both domestically in South Korea and internationally.

Dividend Yield: 5.9%

JB Financial Group's dividends are well-covered by earnings with a payout ratio of 27% and forecasted coverage of 29.8% in three years. Although the company has only paid dividends for eight years, payments have been stable and growing. JB Financial is trading at good value compared to peers and recently announced a KRW 30 billion share repurchase program to enhance shareholder value, continuing until January 2025.

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

Taking Advantage

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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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