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Sinopec Kantons Holdings, Shanghai Electric Group, and China Communications Construction are three of the best paying dividend stocks for creating diversified portfolio income. 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 long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
Sinopec Kantons Holdings Limited (SEHK:934)
Sinopec Kantons Holdings Limited, an investment holding company, engages in petrochemical storage and logistics businesses in the People’s Republic of China. Established in 1998, and currently lead by Zhi Jun Ye, the company currently employs 245 people and has a market cap of HKD HK$8.98B, putting it in the mid-cap stocks category.
934 has a good-sized dividend yield of 3.88% and pays out 13.89% of its profit as dividends , and analysts are expecting a 29.70% payout ratio in the next three years. 934’s dividends have increased in the last 10 years, with DPS increasing from HK$0.035 to HK$0.14. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Sinopec Kantons Holdings’s future earnings growth looks strong, with analysts expecting 50.41% EPS growth in the next three years. Continue research on Sinopec Kantons Holdings here.
Shanghai Electric Group Company Limited (SEHK:2727)
Shanghai Electric Group Company Limited, an equipment manufacturing conglomerate, provides equipment, equipment sets, and engineering works and contracting services in the People’s Republic of China. The company now has 29552 employees and with the market cap of HKD HK$91.10B, it falls under the large-cap category.
2727 has a great dividend yield of 4.23% and their payout ratio stands at 48.52% . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Dig deeper into Shanghai Electric Group here.
China Communications Construction Company Limited (SEHK:1800)
China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure construction and design, dredging, and heavy machinery manufacturing activities. Established in 2006, and now run by Fenjian Chen, the company provides employment to 116,893 people and with the stock’s market cap sitting at HKD HK$232.57B, it comes under the large-cap category.
1800 has a nice dividend yield of 3.41% and is currently distributing 20.18% of profits to shareholders . 1800 has increased its dividend from CN¥0.098 to CN¥0.30 over the past 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Continue research on China Communications Construction here.