Asian Dividend Stocks To Watch In Your Portfolio

As global markets grapple with AI-related concerns and fluctuating valuations, Asian equities have not been immune to these broader economic tensions. Despite this backdrop, dividend stocks in Asia continue to attract attention for their potential to provide steady income streams amidst market volatility. In such an environment, a good stock is often characterized by its ability to maintain consistent dividend payouts while navigating economic uncertainties effectively.

Top 10 Dividend Stocks In Asia

Click here to see the full list of 1050 stocks from our Top Asian Dividend Stocks screener.

We'll examine a selection from our screener results.

First Gen (PSE:FGEN)

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

Overview: First Gen Corporation, with a market cap of ₱58.84 billion, operates in the power generation sector in the Philippines through its subsidiaries.

Operations: First Gen Corporation generates revenue through its subsidiaries, with significant contributions from First Gas Power Corporation at $904.46 million, Energy Development Corporation & Subsidiaries at $747.62 million, FGP Corp. (FGP) at $459.34 million, First Natgas Power Corp. (FNPC) at $71.41 million, and First Gen Hydro Power Corporation & Fresh River Lakes Corporation at $94.69 million.

Dividend Yield: 4.9%

First Gen's dividend payments are well-covered by earnings and cash flows, with a low payout ratio of 9.1% and cash payout ratio of 16.9%. However, dividends have been volatile over the past decade despite growth. The Price-To-Earnings ratio of 3.8x suggests good relative value compared to the Philippine market average of 8.7x. Recent earnings showed slight growth in net income for Q3 2025, while regulatory approval for an interim PPA extension supports operational stability at its Santa Rita Power Plant.

• Get an in-depth perspective on First Gen's performance by reading our dividend report here.
• Our comprehensive valuation report raises the possibility that First Gen is priced lower than what may be justified by its financials.

Amata Corporation (SET:AMATA)

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

Overview: Amata Corporation Public Company Limited, along with its subsidiaries, is involved in industrial estate development both in Thailand and internationally, with a market cap of THB19.44 billion.

Operations: Amata Corporation's revenue is primarily derived from property development (THB11.41 billion), utility services (THB4.20 billion), and rental income (THB1.06 billion).

Dividend Yield: 4.7%

Amata Corporation's dividend yield of 4.73% is below the top tier in Thailand, but dividends are well-covered by earnings and cash flows, with payout ratios of 33.1% and 7.7%, respectively. Despite a history of volatility, dividends have grown over the past decade. The company trades at a favorable price-to-earnings ratio of 6.2x compared to the market average, though it carries high debt levels. Recent Q3 results showed significant earnings growth with net income rising to THB 1.14 billion from THB 765 million year-on-year.

• Navigate through the intricacies of Amata Corporation with our comprehensive dividend report here.
• The valuation report we've compiled suggests that Amata Corporation's current price could be quite moderate.

Oita Bank (TSE:8392)

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

Overview: The Oita Bank, Ltd. offers a range of banking products and services to individual and corporate clients mainly in Japan, with a market cap of ¥82.52 billion.

Operations: The Oita Bank, Ltd. generates revenue through its diverse range of banking products and services catered to both individual and corporate clients within Japan.

Dividend Yield: 3.1%

Oita Bank has consistently increased its dividends over the past decade, recently raising its forecasted annual dividend to JPY 170 per share. Despite a dividend yield of 3.11% being lower than Japan's top tier, the bank maintains a low payout ratio of 26.9%, indicating dividends are well-covered by earnings. Recent guidance revisions reflect improved profitability, with projected profit attributable to owners reaching JPY 9.2 billion for fiscal year-end March 2026, supporting ongoing dividend stability and growth potential.

• Click to explore a detailed breakdown of our findings in Oita Bank's dividend report.
• According our valuation report, there's an indication that Oita Bank's share price might be on the expensive side.

Key Takeaways

• Take a closer look at our Top Asian Dividend Stocks list of 1050 companies by clicking 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.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Ready To Venture Into Other Investment Styles?

• 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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