Sino Land, Great Wall Motor, and New World Development all share one thing in common. They are on our list of top paying dividend stocks which have helped grow my portfolio income over the past couple of months. Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
Sino Land Company Limited (SEHK:83)
Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. The company now has 7140 employees and has a market cap of HKD HK$94.02B, putting it in the large-cap group.
83 has a good-sized dividend yield of 3.64% and the company has a payout ratio of 44.54% , with the expected payout in three years hitting 61.50%. In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.35 to $0.53. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. 83 has a debt to equity ratio of 4.59%, which gives me confidence about its ability to manage its debt levels. More detail on Sino Land here.
Great Wall Motor Company Limited (SEHK:2333)
Great Wall Motor Company Limited manufactures and sells automobiles, and automotive parts and components in the People’s Republic of China. Started in 1984, and now led by CEO Feng Ying Wang, the company now has 66,462 employees and with the market cap of HKD HK$118.28B, it falls under the large-cap stocks category.
2333 has a sizeable dividend yield of 3.68% and their current payout ratio is 51.34% . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from ¥0.02 to ¥0.35 over the past 10 years. Continue research on Great Wall Motor here.
New World Development Company Limited (SEHK:17)
New World Development Company Limited, together with its subsidiaries, invests in, constructs, develops, operates, manages, rents, and leases properties. Started in 1970, and now led by CEO Kar-Shun Cheng, the company provides employment to 44,000 people and with the company’s market cap sitting at HKD HK$124.56B, it falls under the large-cap category.
17 has a wholesome dividend yield of 3.73% and has a payout ratio of 57.25% . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Continue research on New World Development here.