Top SEHK Dividend Stocks To Consider In September 2024
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As global markets navigate a period of economic adjustments, the Hong Kong market has shown resilience amid broader fluctuations. With the European Central Bank cutting rates and anticipation of similar moves by the U.S. Federal Reserve, investors are keenly observing dividend stocks for their potential stability and income generation. In this context, selecting strong dividend stocks can provide a reliable income stream while potentially offering some cushion against market volatility.
Top 10 Dividend Stocks In Hong Kong
| Name | Dividend Yield | Dividend Rating |
| Chongqing Rural Commercial Bank (SEHK:3618) | 8.66% | ★★★★★☆ |
| Bank of China (SEHK:3988) | 7.64% | ★★★★★☆ |
| Lenovo Group (SEHK:992) | 4.03% | ★★★★★☆ |
| Chow Tai Fook Jewellery Group (SEHK:1929) | 9.17% | ★★★★★☆ |
| China Construction Bank (SEHK:939) | 7.94% | ★★★★★☆ |
| Sinopharm Group (SEHK:1099) | 5.70% | ★★★★★☆ |
| Zhongsheng Group Holdings (SEHK:881) | 8.83% | ★★★★★☆ |
| PC Partner Group (SEHK:1263) | 9.98% | ★★★★★☆ |
| China Resources Land (SEHK:1109) | 8.25% | ★★★★★☆ |
| Tian An China Investments (SEHK:28) | 5.73% | ★★★★★☆ |
Click here to see the full list of 73 stocks from our Top SEHK Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Sinopharm Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Sinopharm Group Co. Ltd., with a market cap of HK$52.24 billion, operates in the wholesale and retail sectors for pharmaceuticals, medical devices, and healthcare products in China through its subsidiaries.
Operations: Sinopharm Group Co. Ltd., along with its subsidiaries, generates revenue primarily from the wholesale and retail distribution of pharmaceuticals, medical devices, and healthcare products in China.
Dividend Yield: 5.7%
Sinopharm Group's dividend yield of 5.7%, though lower than the top 25% of Hong Kong dividend payers, remains attractive due to its stability and growth over the past decade. The company's dividends are well-covered by earnings (29.9% payout ratio) and cash flows (19.4% cash payout ratio). Recent board changes and auditor appointments suggest a focus on governance, while half-year earnings showed slight revenue growth to CNY 24.76 billion with net income at CNY 1 billion, indicating steady financial health for sustaining dividends.
China Nonferrous Mining
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: China Nonferrous Mining Corporation Limited (SEHK:1258) is an investment holding company involved in the exploration, mining, ore processing, leaching, smelting, and sale of copper cathodes, blister copper, and copper anodes with a market cap of HK$18.92 billion.