Dividend-paying companies such as Lee and Man Paper Manufacturing and Jiangsu Expressway can diversify your portfolio cash flow by paying constant and large dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Lee and Man Paper Manufacturing Limited (SEHK:2314)
Lee and Man Paper Manufacturing Limited, an investment holding company, manufactures and trades in packaging papers, pulps, and tissue papers in the People’s Republic of China and Vietnam. Started in 1994, and now run by Man Bun Lee, the company provides employment to 7,500 people and with the company’s market capitalisation at HKD HK$40.82B, we can put it in the large-cap stocks category.
2314 has a sumptuous dividend yield of 4.37% and is paying out 33.19% of profits as dividends , with the expected payout in three years being 34.31%. Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again. Continue research on Lee and Man Paper Manufacturing here.
Jiangsu Expressway Company Limited (SEHK:177)
Jiangsu Expressway Company Limited invests in, constructs, operates, and manages toll roads and bridges in the People’s Republic of China. Established in 1992, and headed by CEO De Gu, the company now has 5,490 employees and with the market cap of HKD HK$59.20B, it falls under the large-cap group.
177 has a juicy dividend yield of 4.81% and pays out 59.48% of its profit as dividends , with analysts expecting this ratio in three years to be 62.17%. 177’s last dividend payment was CN¥0.54, up from it’s payment 10 years ago of CN¥0.30. It should comfort existing and potential future shareholders to know that 177 hasn’t missed a payment during this time. More detail on Jiangsu Expressway here.
Hengan International Group Company Limited (SEHK:1044)
Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People’s Republic of China, Hong Kong, and internationally. Started in 1985, and run by CEO Lin-Chit Hui, the company currently employs 21,000 people and with the company’s market cap sitting at HKD HK$86.67B, it falls under the large-cap category.
1044 has a nice dividend yield of 3.59% and the company has a payout ratio of 66.69% . 1044’s dividends have seen an increase over the past 10 years, with payments increasing from CN¥0.64 to CN¥2.58 in that time. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Continue research on Hengan International Group here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.