KRX Dividend Stocks To Consider In October 2024

Simply Wall St · 10/14 21:07

In the last week, the South Korean market has stayed flat, but it has seen a 3.8% increase over the past year, with earnings forecasted to grow by 30% annually. In this context of steady growth and promising earnings potential, dividend stocks can offer a reliable income stream while participating in market gains.

Top 10 Dividend Stocks In South Korea

Name Dividend Yield Dividend Rating
Kia (KOSE:A000270) 5.57% ★★★★★★
Hansae (KOSE:A105630) 3.03% ★★★★★☆
Kangwon Land (KOSE:A035250) 5.59% ★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100) 3.46% ★★★★★☆
KT (KOSE:A030200) 4.89% ★★★★★☆
JW Holdings (KOSE:A096760) 3.44% ★★★★★☆
Industrial Bank of Korea (KOSE:A024110) 6.87% ★★★★★☆
ORION Holdings (KOSE:A001800) 4.76% ★★★★★☆
Kyung Nong (KOSE:A002100) 7.10% ★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810) 4.56% ★★★★★☆

Click here to see the full list of 77 stocks from our Top KRX Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Samsung Fire & Marine Insurance (KOSE:A000810)

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

Overview: Samsung Fire & Marine Insurance Co., Ltd. operates in the non-life insurance sector across several countries including Korea, China, and the United States, with a market capitalization of approximately ₩14.72 trillion.

Operations: Samsung Fire & Marine Insurance Co., Ltd. generates its revenue primarily from its insurance business, amounting to approximately ₩18.88 billion.

Dividend Yield: 4.6%

Samsung Fire & Marine Insurance's dividend yield ranks in the top 25% of South Korean market payers. Despite a volatile and unreliable dividend history over the past decade, recent earnings growth supports its dividends, with a payout ratio of 39.5% and cash payout ratio of 26.7%, indicating sustainability. The company reported net income of KRW 1.31 billion for H1 2024, up from KRW 1.21 billion year-over-year, reinforcing its potential as a dividend stock contender.

KOSE:A000810 Dividend History as at Oct 2024
KOSE:A000810 Dividend History as at Oct 2024

Hansae (KOSE:A105630)

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

Overview: Hansae Co., Ltd. manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti with a market cap of ₩649.03 billion.

Operations: Hansae Co., Ltd. generates revenue from its clothing manufacturing segment, amounting to ₩1.73 billion.

Dividend Yield: 3%

Hansae's dividend payments are well-supported, with a low payout ratio of 19.9% and cash payout ratio of 35%, ensuring sustainability. Despite a modest yield of 3.03%, dividends have been stable and growing over the past decade. Recent earnings showed KRW 40.14 billion for H1 2024, down from KRW 53.28 billion year-over-year, reflecting some financial challenges but maintaining reliable dividends amidst these fluctuations in net income.

KOSE:A105630 Dividend History as at Oct 2024
KOSE:A105630 Dividend History as at Oct 2024

HD Hyundai (KOSE:A267250)

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

Overview: HD Hyundai Co., Ltd., with a market cap of ₩5.62 trillion, operates in the oil refining sector both domestically in Korea and internationally through its subsidiaries.

Operations: HD Hyundai Co., Ltd.'s revenue is primarily derived from its Essential Oil segment at ₩43.99 billion, followed by Shipbuilding & Marine Engineering at ₩25.77 billion, Construction Equipment at ₩11.90 billion, Electrical/Electronic at ₩4.15 billion, and Ship Service at ₩1.99 billion.

Dividend Yield: 4.7%

HD Hyundai's dividend yield of 4.65% ranks in the top 25% of South Korean payers, supported by a reasonable payout ratio of 61.8% and a low cash payout ratio of 7.7%. Despite earnings growth and forecasts for further increases, the company has an unstable five-year dividend history with volatile payments. Recent Q2 results showed significant earnings improvement with sales reaching KRW 17.88 trillion and net income at KRW 136.24 billion, enhancing financial robustness amidst dividend inconsistencies.

KOSE:A267250 Dividend History as at Oct 2024
KOSE:A267250 Dividend History as at Oct 2024

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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.