3 KRX Dividend Stocks Yielding Over 4.5%

Simply Wall St · 10/21 21:08

The South Korean market has been flat in the last week but has shown a 7.3% rise over the past 12 months, with earnings forecasted to grow by 29% annually. In this context, identifying dividend stocks yielding over 4.5% can be an appealing strategy for investors seeking income and potential growth in a stable market environment.

Top 10 Dividend Stocks In South Korea

Name Dividend Yield Dividend Rating
Kia (KOSE:A000270) 5.89% ★★★★★★
Kangwon Land (KOSE:A035250) 5.55% ★★★★★☆
HANYANG ENGLtd (KOSDAQ:A045100) 3.54% ★★★★★☆
Hansae (KOSE:A105630) 3.13% ★★★★★☆
KT (KOSE:A030200) 4.66% ★★★★★☆
Shinhan Financial Group (KOSE:A055550) 3.76% ★★★★★☆
JW Holdings (KOSE:A096760) 3.39% ★★★★★☆
Samsung Fire & Marine Insurance (KOSE:A000810) 4.58% ★★★★★☆
Kyung Nong (KOSE:A002100) 7.05% ★★★★★☆
ORION Holdings (KOSE:A001800) 4.60% ★★★★★☆

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

Let's uncover some gems from our specialized screener.

ORION Holdings (KOSE:A001800)

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

Overview: ORION Holdings Corp. is a company that manufactures and sells confectioneries in South Korea, China, and internationally with a market cap of ₩981.76 billion.

Operations: ORION Holdings Corp.'s revenue is primarily derived from its confectionery segment, amounting to ₩3.72 trillion, with additional contributions from video at ₩107.12 million and landlord activities at ₩38.70 billion.

Dividend Yield: 4.6%

ORION Holdings offers a dividend yield of 4.6%, placing it in the top 25% of South Korean dividend payers. Its dividends are well-covered by earnings, with a payout ratio of 41.2%, and cash flows, with a cash payout ratio of 10.7%. Although earnings have grown by 14.6% annually over five years, the company's dividend history is unreliable and volatile, experiencing significant fluctuations over the past decade despite overall increases in payments.

KOSE:A001800 Dividend History as at Oct 2024
KOSE:A001800 Dividend History as at Oct 2024

Korean Reinsurance (KOSE:A003690)

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

Overview: Korean Reinsurance Company offers life and non-life reinsurance products both in Korea and internationally, with a market cap of ₩1.29 trillion.

Operations: The company's revenue from reinsurance amounts to ₩4.26 billion.

Dividend Yield: 6.2%

Korean Reinsurance's dividend yield of 6.18% ranks it among the top 25% of South Korean dividend payers, with dividends well-covered by earnings (payout ratio: 47.3%) and cash flows (cash payout ratio: 6.5%). Despite a stable nine-year dividend history, recent financials show declining net income and earnings per share compared to last year, indicating potential volatility. The company's valuation appears attractive as it trades significantly below estimated fair value, though profit margins have decreased recently.

KOSE:A003690 Dividend History as at Oct 2024
KOSE:A003690 Dividend History as at Oct 2024

JB Financial Group (KOSE:A175330)

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

Overview: JB Financial Group Co., Ltd. operates through its subsidiaries to offer banking products and services both in South Korea and internationally, with a market cap of ₩3.24 trillion.

Operations: JB Financial Group Co., Ltd. generates revenue primarily from its Banking Sector at ₩1.18 trillion, followed by the Capital Segment at ₩375.05 billion, and the Asset Management Division at ₩20.19 billion.

Dividend Yield: 5.1%

JB Financial Group's dividend yield of 5.06% places it in the top 25% of South Korean dividend payers, supported by a low payout ratio of 33.7%, indicating strong earnings coverage. The company has maintained reliable and stable dividends, albeit with a track record under ten years. Recent share buyback announcements worth ₩30 billion aim to enhance shareholder value, while the stock trades significantly below estimated fair value, suggesting potential investment attractiveness despite its shorter dividend history.

KOSE:A175330 Dividend History as at Oct 2024
KOSE:A175330 Dividend History as at Oct 2024

Where To Now?

  • Unlock more gems! Our Top KRX Dividend Stocks screener has unearthed 74 more companies for you to explore.Click here to unveil our expertly curated list of 77 Top KRX Dividend Stocks.
  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
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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.