Bank of China, China Mobile, and China Construction Bank have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolio income over the past couple of months. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. If you’re a buy and hold investor, these healthy dividend stocks can generously contribute to your monthly portfolio income.
Bank of China Limited (SEHK:3988)
Bank of China Limited, together with its subsidiaries, provides a range of banking and related financial services in the People’s Republic of China and internationally. Started in 1912, and headed by CEO , the company currently employs 304,492 people and with the company’s market cap sitting at HKD HK$1.60T, it falls under the large-cap category.
3988 has a wholesome dividend yield of 3.57% and is currently distributing 29.58% of profits to shareholders , with analysts expecting the payout in three years to be 29.90%. The company’s DPS has increased from ¥0.04 to ¥0.17 over the last 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Continue research on Bank of China here.
China Mobile Limited (SEHK:941)
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. Founded in 1997, and currently headed by CEO Yue Li, the company now has 493,000 employees and with the company’s market cap sitting at HKD HK$1.70T, it falls under the large-cap category.
941 has a nice dividend yield of 3.46% and is currently distributing 45.79% of profits to shareholders , with an expected payout of 47.98% in three years. 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. Interested in China Mobile? Find out more here.
China Construction Bank Corporation (SEHK:939)
China Construction Bank Corporation provides various banking and related financial services in the People’s Republic of China. Started in 1954, and currently lead by Zuji Wang, the company size now stands at 372,013 people and with the company’s market capitalisation at HKD HK$2.21T, we can put it in the large-cap stocks category.
939 has a solid dividend yield of 3.18% and has a payout ratio of 29.49% , with the expected payout in three years being 29.80%. Despite there being some hiccups, dividends per share have increased during the past 10 years. Dig deeper into China Construction Bank here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.