In This Article:
Qingling Motors is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Qingling Motors Co., Ltd. (SEHK:1122)
Qingling Motors Co., Ltd., together with its subsidiaries, produces and sells Isuzu trucks in the People’s Republic of China. The company provides employment to 2813 people and with the market cap of HKD HK$6.28B, it falls under the mid-cap group.
1122 has an alluring dividend yield of 7.79% and has a payout ratio of 79.92% . 1122’s dividends have seen an increase over the past 10 years, with payments increasing from CN¥0.033 to CN¥0.20 in that time. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. When we compare Qingling Motors’s PE ratio with its industry, the company appears favorable. The HK Auto industry’s average ratio of 13.9 is above that of Qingling Motors’s (10.3). Interested in Qingling Motors? Find out more here.
China CITIC Bank Corporation Limited (SEHK:998)
China CITIC Bank Corporation Limited provides various banking products and services in the People’s Republic of China, Hong Kong, and internationally. Formed in 1987, and currently lead by Deshun Sun, the company currently employs 56,724 people and with the company’s market cap sitting at HKD HK$363.01B, it falls under the large-cap category.
998 has a great dividend yield of 5.64% and the company currently pays out 30.27% of its profits as dividends . While there’s been some level of instability in the yield, 998 has overall increased DPS over a 10 year period from CN¥0.06 to CN¥0.32. More on China CITIC Bank here.
China Shenhua Energy Company Limited (SEHK:1088)
China Shenhua Energy Company Limited, together with its subsidiaries, engages in coal, power, railway, port, shipping, and coal chemical businesses in the People’s Republic of China and internationally. Founded in 2004, and currently run by , the company employs 89,057 people and with the company’s market cap sitting at HKD HK$498.13B, it falls under the large-cap group.
1088 has a great dividend yield of 5.67% and the company has a payout ratio of 38.45% , with analysts expecting a 41.34% payout in the next three years. Despite some volatility in the yield, DPS has risen in the last 10 years from CN¥0.20 to CN¥1.12. China Shenhua Energy’s performance over the last 12 months beat the hk oil and gas industry, with the company reporting 42.15% EPS growth compared to its industry’s figure of 35.00%. Continue research on China Shenhua Energy here.