Top Asian Dividend Stocks To Enhance Your Portfolio

Amid heightened trade tensions and economic uncertainties, Asian markets have shown resilience, with key indices in China and Japan posting gains as investors anticipate potential policy support. In this environment, dividend stocks can offer a stable income stream and potential for capital appreciation, making them an attractive option for those looking to enhance their portfolios.

Top 10 Dividend Stocks In Asia

Click here to see the full list of 1219 stocks from our Top Asian Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

JMT Network Services (SET:JMT)

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

Overview: JMT Network Services Public Company Limited, along with its subsidiaries, offers debt tracking and collection services to financial institutions and entrepreneurs in Thailand, with a market cap of THB18.83 billion.

Operations: JMT Network Services Public Company Limited generates revenue from its Debt Collection Business (THB263 million), Insurance Business (THB232 million), and Non-Performing Accounts Receivable Management Business (THB4.33 billion).

Dividend Yield: 5.1%

JMT Network Services' dividend payout is sustainable with a 59.6% earnings payout ratio and an 87.6% cash payout ratio, though its dividend track record has been volatile over the past decade. The current yield of 5.12% is below Thailand's top quartile of dividend payers, and while dividends have grown, they remain unreliable due to fluctuations. Recent debt financing initiatives aim to bolster asset acquisition and operations, potentially impacting future cash flows available for dividends.

• Click here to discover the nuances of JMT Network Services with our detailed analytical dividend report.
• The valuation report we've compiled suggests that JMT Network Services' current price could be quite moderate.

Mitsui Matsushima Holdings (TSE:1518)

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

Overview: Mitsui Matsushima Holdings Co., Ltd. operates through its subsidiaries in the production and sale of coal products both in Japan and internationally, with a market cap of ¥45.89 billion.

Operations: Mitsui Matsushima Holdings Co., Ltd. generates revenue primarily from the production and sale of coal products.

Dividend Yield: 3.1%

Mitsui Matsushima Holdings maintains a sustainable dividend with a low earnings payout ratio of 14.9% and cash payout ratio of 19.4%, though its dividend history has been volatile over the past decade. The current yield of 3.12% is below Japan's top quartile, yet recent increases in dividends per share suggest a commitment to enhancing shareholder returns alongside a share buyback program targeting up to ¥1 billion worth of shares, aimed at flexible capital management and potential M&A activities.

• Unlock comprehensive insights into our analysis of Mitsui Matsushima Holdings stock in this dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Mitsui Matsushima Holdings shares in the market.

Sumitomo Rubber Industries (TSE:5110)

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

Overview: Sumitomo Rubber Industries, Ltd., along with its subsidiaries, operates in the tire, sports, and industrial products sectors both in Japan and globally, with a market cap of ¥447.15 billion.

Operations: Sumitomo Rubber Industries generates revenue from three main segments: Tires at ¥1.05 trillion, Sports at ¥125.78 billion, and Industrial and Other Products at ¥41.22 billion.

Dividend Yield: 4.1%

Sumitomo Rubber Industries faces challenges with its dividend sustainability, as the high payout ratio of 154.6% is not well covered by earnings, though cash flows cover it at a reasonable 57.4%. Recent dividend increases to ¥35 per share indicate an effort to improve shareholder returns despite past volatility and a decline from ¥53 per share in 2023. The company trades significantly below its estimated fair value, suggesting potential undervaluation amidst these financial dynamics.

• Take a closer look at Sumitomo Rubber Industries' potential here in our dividend report.
• Our valuation report unveils the possibility Sumitomo Rubber Industries' shares may be trading at a premium.

Seize The Opportunity

• Dive into all 1219 of the Top Asian Dividend Stocks we have identified here.
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Curious About Other Options?

• 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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