Exploring Dividend Stocks With Bank Of Nanjing And Two Others

As global markets navigate through various economic signals, China has recently implemented significant measures to support its troubled real estate sector, reflecting proactive measures to stabilize the economy amid ongoing challenges. In this context, exploring dividend stocks like Bank of Nanjing becomes particularly relevant as investors look for opportunities that can offer steady returns in a fluctuating market environment.

Top 10 Dividend Stocks in China

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Simply Wall St Dividend Ranking: ★★★★★☆

Overview: operates in China, offering a range of financial products and services, with a market capitalization of approximately CN¥104.47 billion.

Operations: Bank of Nanjing Co., Ltd. generates its revenue by providing a variety of financial products and services throughout China.

Dividend Yield: 5.3%

Bank of Nanjing, trading 58.5% below estimated fair value, offers a dividend yield of 5.31%, ranking in the top 25% of the Chinese market. Despite a reasonably low payout ratio of 31.4%, ensuring coverage of current and forecast profits, its dividend history has been unstable, with significant volatility over the last decade. Recent financial data shows a rise in net profit in the first quarter to CNY 5.71 billion from CNY 5.43 billion year-on-year, suggesting potential earnings growth despite previous dividend inconsistencies.

SHSE:601009 Dividend History May 2024

Simply Wall St Dividend Ranking: ★★★★★☆

Overview: operates in the coal production industry and has a market capitalization of approximately CN¥63.30 billion.

Operations: Shanxi Coking Coal Energy Group Co., Ltd. does not provide detailed information about its revenue segments in the provided text.

Dividend Yield: 7.2%

The story continues

Shanxi Coking Coal Energy Group’s dividend yield of 7.17% places it well in the top quartile of Chinese dividend stocks, although its history reveals a pattern of volatility and unreliability in payments over the past decade. Despite a high payout ratio of 85.8%, both profits and cash flows underlie these dividends, with recent financial data indicating a recession; First quarter sales fell to CNY 10.55 billion from CNY 14.75 billion year-on-year, along with a significant reduction in net profit from CNY 2.47 billion to CNY 950.19 million, reflecting broader operational challenges.

SZSE:000983 Dividend History May 2024

Simply Wall St Dividend Ranking: ★★★★☆☆

Overview: operates in the technology sector and has a market capitalization of approximately CN¥5.44 billion.

Operations: Zhejiang Wellsun Intelligent Technology Co., Ltd. has not provided detailed information about its revenue segments.

Dividend Yield: 3.2%

Zhejiang Wellsun Smart Technology Co., Ltd. has a relatively young dividend history, with just three years of payments, which have shown growth but also volatility. The company’s recent dividend declaration was CNY 6 per 10 shares for 2023, reflecting an upward adjustment. Despite share price volatility, the dividend appears sustainable with earnings coverage at a payout ratio of 48% and cash flows at 59.8%. Furthermore, the company’s profits increased by more than 55% last year, supporting its dividend increases amid fluctuating market conditions.

SZSE:300882 Dividend History May 2024

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only 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 into account your objectives or financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St has no position in any of the stocks mentioned.

Companies discussed in this article include SHSE:601009 SZSE:000983 It is SZSE:300882.

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