Zhejiang Expressway is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Below are more huge dividend-paying stocks that continues to add value to my portfolio holdings.
Zhejiang Expressway Co., Ltd. (SEHK:576)
Zhejiang Expressway Co., Ltd., an investment holding company, invests in, develops, operates, maintains, and manages high grade roads in the People’s Republic of China. Formed in 1997, and currently run by Jianhu Luo, the company size now stands at 6,871 people and with the company’s market capitalisation at HKD HK$30.53B, we can put it in the large-cap category.
576 has an appealing dividend yield of 6.15% and is paying out 48.38% of profits as dividends , and analysts are expecting the payout ratio in three years to hit 50.60%. 576’s last dividend payment was CN¥0.43, up from it’s payment 10 years ago of CN¥0.35. The company has been a reliable payer too, not missing a payment during this time. Dig deeper into Zhejiang Expressway here.
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 run by CEO Man Bun Lee, the company now has 7,500 employees and with the stock’s market cap sitting at HKD HK$35.53B, it comes under the large-cap stocks category.
2314 has a juicy dividend yield of 5.00% and their payout ratio stands at 33.19% , with analysts expecting a 35.23% payout in three years. Despite there being some hiccups, dividends per share have increased during the past 10 years. Dig deeper into Lee and Man Paper Manufacturing here.
Yue Yuen Industrial (Holdings) Limited (SEHK:551)
Yue Yuen Industrial (Holdings) Limited, an investment holding company, engages in the manufacturing, marketing, and retailing of athletic footwear, athletic style leisure footwear, and casual and outdoor footwear in the People’s Republic of China, the United States, Europe, and internationally. Founded in 1969, and now run by Pei-Chun Tsai, the company size now stands at 361,000 people and with the stock’s market cap sitting at HKD HK$35.99B, it comes under the large-cap group.
551 has an alluring dividend yield of 6.74% and is paying out 64.44% of profits as dividends , and analysts are expecting a 64.49% payout ratio in the next three years. 551’s dividends have seen an increase over the past 10 years, with payments increasing from US$0.87 to US$1.50 in that time. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Interested in Yue Yuen Industrial (Holdings)? Find out more 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.