As global markets grapple with trade uncertainties and inflation concerns, the Asian market presents a mixed landscape with pockets of opportunity, particularly for investors seeking stable income through dividend stocks. In this environment, identifying companies with strong fundamentals and consistent dividend payouts can be a prudent strategy to weather market volatility while potentially benefiting from long-term growth.

Top 10 Dividend Stocks In Asia

Click here to see the full list of 1118 stocks from our Top Asian Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Youngone Holdings

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Youngone Holdings Co., Ltd. is a company that manufactures and sells apparel, footwear, gear, sportswear, and jackets both in South Korea and internationally with a market cap of ₩1.16 trillion.

Operations: Youngone Holdings Co., Ltd. generates revenue from several segments, including Manufacture OEM at ₩4.16 trillion, Domestic Retail at ₩1.01 trillion, and SCOTT at ₩980.97 billion.

Dividend Yield: 4.7%

Youngone Holdings' dividends are well-supported by earnings and cash flows, with payout ratios of 16.4% and 13.6%, respectively, indicating sustainability. While the company has only paid dividends for five years, payments have been stable and growing with little volatility. The dividend yield of 4.74% places it in the top quartile among Korean stocks, though its history is relatively short compared to more established dividend payers in Asia.

• Get an in-depth perspective on Youngone Holdings' performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Youngone Holdings' share price might be too pessimistic.

Philippine Seven

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Philippine Seven Corporation operates convenience stores in the Philippines with a market cap of ₱82.83 billion.

Operations: Philippine Seven Corporation generates revenue primarily from store operations, amounting to ₱88.61 billion.

Dividend Yield: 8.8%

Philippine Seven's dividend yield of 8.77% ranks in the top 25% of the Philippine market, but its sustainability is questionable due to a high payout ratio of 191.4%, indicating dividends are not well-covered by earnings. While cash flows support the dividend with a reasonable cash payout ratio of 71%, past payments have been volatile and unreliable, experiencing significant drops over time. Recent delisting from OTC Equity may also impact investor perception and accessibility.

• Delve into the full analysis dividend report here for a deeper understanding of Philippine Seven.
• Our comprehensive valuation report raises the possibility that Philippine Seven is priced higher than what may be justified by its financials.

China Pacific Insurance (Group)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: China Pacific Insurance (Group) Co., Ltd., along with its subsidiaries, offers insurance products to both individual and institutional clients in China, with a market cap of CN¥296 billion.

Operations: China Pacific Insurance (Group) Co., Ltd. generates its revenue primarily through the provision of insurance products to both individual and institutional clients in China.

Dividend Yield: 3.1%

China Pacific Insurance (Group) offers a dividend yield of 3.07%, placing it in the top 25% of the Chinese market. The dividends are well-covered by earnings and cash flows, with payout ratios at 23.2% and 6.5%, respectively, suggesting sustainability despite past volatility in payments. Recent guidance indicates significant profit growth for 2024, potentially reinforcing its financial stability and capacity to maintain or enhance dividend distributions amidst positive market conditions and strategic asset management.

• Navigate through the intricacies of China Pacific Insurance (Group) with our comprehensive dividend report here.
• Our expertly prepared valuation report China Pacific Insurance (Group) implies its share price may be lower than expected.

Summing It All Up

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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
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• Find companies with promising cash flow potential yet trading below their fair value.

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

Companies discussed in this article include KOSE:A009970 PSE:SEVN and SHSE:601601.

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