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China CITIC Bank, China Petroleum & Chemical, and China Mobile 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. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
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. Established in 1987, and headed by CEO Deshun Sun, the company size now stands at 51,608 people and with the market cap of HKD HK$390.23B, it falls under the large-cap stocks category.
998 has a great dividend yield of 4.11% and pays 26.09% of it’s earnings as dividends . 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. China CITIC Bank’s future earnings growth looks strong, with analysts expecting 55.35% EPS growth in the next three years. More on China CITIC Bank here.
China Petroleum & Chemical Corporation (SEHK:386)
China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People’s Republic of China and internationally. Formed in 2000, and now run by Houliang Dai, the company provides employment to 451,611 people and has a market cap of HKD HK$941.79B, putting it in the large-cap stocks category.
386 has a large dividend yield of 4.42% and pays 58.53% of it’s earnings as dividends . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from CN¥0.13 to CN¥0.29 over the past 10 years. Continue research on China Petroleum & Chemical 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. Started in 1997, and now led by CEO Yue Li, the company size now stands at 493,000 people and with the company’s market capitalisation at HKD HK$1.53T, we can put it in the large-cap category.
941 has a decent dividend yield of 3.83% and has a payout ratio of 45.79% , with analysts expecting a 51.63% payout in three years. Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from CN¥1.78 to CN¥2.87 over the past 10 years. More detail on China Mobile here.