Are you looking for the best Dividend stocks to buy in 2023?
Dividend stocks are a popular asset class and a great way to grow your investment portfolio. They’re also one of the best ways to generate income and build wealth over time.
However, it can be difficult to pick the right dividend stocks. That’s why it’s important to investigate all the potential risks before investing in a company with a high dividend yield.
This list of 100 best dividend stocks for 2023 will help you find high-quality companies with strong track records and healthy cash flows.
Highest Stock Dividend Yield of Asian Markets
| No | C Company Company | DDividend ividend | Pa Payout yout | Country Country | Sector Sector |
|---|---|---|---|---|---|
| 1 | Orient Overseas (Int | 87.86% | 131.78% | Hong-Kong | Travel and Leisure |
| 2 | Yang Ming Marine Tra | 32.00% | 41.60% | Taiwan | Industrial Transportation |
| 3 | Evergreen Marine | 29.61% | 38.50% | Taiwan | Industrial Transportation |
| 4 | Vedanta | 28.58% | 185.76% | India | Industrial Metals and Mining |
| 5 | Nippon Yusen | 24.93% | 37.40% | Japan | Industrial Transportation |
| 6 | Sri Trang Gloves (Th | 23.08% | 30.00% | Thailand | Chemicals |
| 7 | SITC International H | 22.25% | 118.01% | Hong-Kong | Industrial Transportation |
| 8 | Tambang Batubara Buk | 20.25% | 101.25% | Indonesia | Mining |
| 9 | LT Group | 19.84% | 106.95% | Philippines | Banks |
| 10 | NMDC | 18.27% | 69.42% | India | Mining |
| 11 | Indosat | 17.64% | 125.24% | Indonesia | Mobile Telecommunications |
| 12 | Shougang Fushan Reso | 16.61% | 85.45% | Hong-Kong | Mining |
| 13 | Asustek Computer Inc | 15.44% | 69.49% | Taiwan | Technology Hardware and Equip. |
| 14 | Hind. Zinc-B1 | 14.87% | 218.60% | India | Industrial Metals and Mining |
| 15 | Novatek Microelectro | 14.51% | 79.80% | Taiwan | Technology Hardware and Equip. |
| 16 | Coal India | 14.23% | 113.84% | India | Mining |
| 17 | Capital Securities | 14.22% | 68.18% | Taiwan | Financial Services |
| 18 | Adaro Energy PT | 12.99% | 92.23% | Indonesia | Mining |
| 19 | Tingyi (Cayman Islan | 12.76% | 202.44% | Hong-Kong | Food Producers |
| 20 | Wan Hai Lines | 12.03% | 25.26% | Taiwan | Industrial Transportation |
| 21 | NH Investment & Secu | 11.41% | 37.65% | Korea | Financial Services |
| 22 | Shui On Land | 11.32% | 50.00% | Hong-Kong | Real Estate Investment and Services |
| 23 | Kawasaki Kisen Kaish | 11.14% | 12.25% | Japan | Industrial Engineering |
| 24 | Mitsui Osk Lines | 10.92% | 17.47% | Japan | Industrial Transportation |
| 25 | DMCI Holdings | 10.91% | 86.33% | Philippines | Mining |
| 26 | Rural Electrificatio | 10.76% | 34.43% | India | Electricity |
| 27 | Vtech Holdings | 10.29% | 99.81% | Hong-Kong | Technology Hardware and Equip. |
| 28 | Indian Oil | 10.28% | 46.23% | India | Oil and Gas Producers |
| 29 | MediaTek | 10.17% | 100.68% | Taiwan | Technology Hardware and Equip. |
| 30 | Nan Ya Plastics | 9.95% | 71.63% | Taiwan | Chemicals |
| 31 | Korea Investment Hol | 9.84% | 18.70% | Korea | Financial Services |
| 32 | China Steel | 9.79% | 78.28% | Taiwan | Industrial Metals and Mining |
| 33 | Gudang Garam | 9.78% | 77.26% | Indonesia | Tobacco |
| 34 | PCCW | 9.68% | 90.24% | Hong-Kong | Fixed Line Telecommunications |
| 35 | Steel Auth of India | 9.66% | 28.97% | India | Industrial Metals and Mining |
| 36 | Innolux | 9.56% | 19.18% | Taiwan | Technology Hardware and Equip. |
| 37 | Formosa Plastics Cor | 9.18% | 72.57% | Taiwan | Chemicals |
| 38 | PTT Global Chemical | 9.14% | 43.86% | Thailand | Chemicals |
| 39 | Acer | 9.14% | 62.13% | Taiwan | Technology Hardware and Equip. |
| 40 | China Motor | 9.11% | 71.90% | Taiwan | Automobiles and Parts |
| 41 | Hutchison Port Holdi | 9.02% | 66.67% | Singapore | Industrial Transportation |
| 42 | Compal Electronics | 8.85% | 66.45% | Taiwan | Technology Hardware and Equip. |
| 43 | Power Finance | 8.84% | 23.86% | India | Financial Services |
| 44 | Quanta Computer | 8.84% | 75.09% | Taiwan | Technology Hardware and Equip. |
| 45 | Transcend Informatio | 8.82% | 101.52% | Taiwan | Technology Hardware and Equip. |
| 46 | New World Developmt | 8.80% | 210.20% | Hong-Kong | Real Estate Investment and Services |
| 47 | Realtek Semiconducto | 8.44% | 75.96% | Taiwan | Technology Hardware and Equip. |
| 48 | Synnex Technology In | 8.28% | 48.03% | Taiwan | Technology Hardware and Equip. |
| 49 | Hyundai Motor 2nd Pf | 8.27% | 28.12% | Korea | Automobiles and Parts |
| 50 | NWS Holdings | 8.27% | 85.92% | Hong-Kong | Construction and Materials |
| 51 | Samsung Card | 8.24% | 46.14% | Korea | Financial Services |
| 52 | Hyundai Motor Pfd. | 8.21% | 27.91% | Korea | Automobiles and Parts |
| 53 | Korea Gas | 8.18% | 22.90% | Korea | Gas Water and Multiutilities |
| 54 | Powertech Technology | 8.14% | 57.82% | Taiwan | Technology Hardware and Equip. |
| 55 | Oil & Natural Gas | 8.11% | 32.43% | India | Oil and Gas Producers |
| 56 | Asia Cement | 8.07% | 78.16% | Taiwan | Construction and Materials |
| 57 | Perusahaan Gas Negar | 8.05% | 69.23% | Indonesia | Gas Water and Multiutilities |
| 58 | Micro-Star Internati | 8.02% | 52.16% | Taiwan | Technology Hardware and Equip. |
| 59 | DGB Financial Group | 7.92% | 19.80% | Korea | Banks |
| 60 | BNK Financial Group | 7.91% | 22.15% | Korea | Banks |
| 61 | Taiwan Glass Industr | 7.79% | 45.96% | Taiwan | Construction and Materials |
| 62 | Pegatron | 7.75% | 64.35% | Taiwan | Technology Hardware and Equip. |
| 63 | Samsung Fire & Marin | 7.72% | 40.14% | Korea | Nonlife Insurance |
| 64 | Digital Telecommunications | 7.65% | 85.95% | Thailand | Technology Hardware and Equip. |
| 65 | SsangYong Cement Ind | 7.64% | 114.60% | Korea | Construction and Materials |
| 66 | JFE Holdings | 7.62% | 23.62% | Japan | Industrial Metals and Mining |
| 67 | Industrial Bk of Kor | 7.61% | 26.64% | Korea | Banks |
| 68 | Cathay Fin Hldg | 7.60% | 32.63% | Taiwan | Life Insurance |
| 69 | China Dvlpmt Fin Hld | 7.58% | 46.30% | Taiwan | Financial Services |
| 70 | Hyundai Heavy Indus Hldgs | 7.53% | 0.00% | Korea | Industrial Engineering |
| 71 | First Pacific | 7.51% | 24.71% | Hong-Kong | Food Producers |
| 72 | AU Optronics | 7.46% | 15.66% | Taiwan | Technology Hardware and Equip. |
| 73 | Mabuchi Motors | 7.29% | 122.47% | Japan | Electronic and Electrical Equipment |
| 74 | Bharti Infratel | 7.18% | 46.69% | India | Mobile Telecommunications |
| 75 | Japan Tobacco | 7.08% | 79.30% | Japan | Tobacco |
| 76 | Woori Financial Group | 7.04% | 24.64% | Korea | Banks |
| 77 | Chicony Electronics | 7.03% | 73.05% | Taiwan | Technology Hardware and Equip. |
| 78 | United Tractors | 7.02% | 62.48% | Indonesia | Industrial Engineering |
| 79 | Gail India | 7.01% | 35.74% | India | Oil and Gas Producers |
| 80 | ASE Industrial Holding | 7.00% | 44.79% | Taiwan | Technology Hardware and Equip. |
| 81 | Wistron Corp | 6.98% | 58.67% | Taiwan | Technology Hardware and Equip. |
| 82 | Xinyi Glass Holding | 6.96% | 41.13% | Hong-Kong | Automobiles and Parts |
| 83 | Kerry Properties | 6.80% | 19.04% | Hong-Kong | Real Estate Investment and Services |
| 84 | Kumho Petro Chemical | 6.78% | 13.56% | Korea | Chemicals |
| 85 | Nippon Steel Sumitom | 6.68% | 25.38% | Japan | Industrial Metals and Mining |
| 86 | Thai Oil | 6.66% | 66.61% | Thailand | Oil and Gas Producers |
| 87 | Formosa Chem & Fib | 6.65% | 65.84% | Taiwan | Chemicals |
| 88 | PLDT | 6.63% | 66.30% | Philippines | Mobile Telecommunications |
| 89 | Hana Financial Group | 6.56% | 25.58% | Korea | Banks |
| 90 | Oil India Ltd | 6.55% | 29.48% | India | Oil and Gas Producers |
| 91 | PT Hanjaya Mandala Samp. | 6.49% | 103.20% | Indonesia | Tobacco |
| 92 | Toyo Seikan Group Ho | 6.48% | 44.71% | Japan | General Industrials |
| 93 | Embassy Office Parks | 6.47% | 185.66% | India | Real Estate Investment Trusts |
| 94 | Yuanta Financial Hol | 6.47% | 51.96% | Taiwan | Financial Services |
| 95 | Kobe Steel | 6.46% | 29.72% | Japan | Industrial Metals and Mining |
| 96 | Uni-President China | 6.41% | 117.07% | Hong-Kong | Beverages |
| 97 | Nanya Technology | 6.41% | 49.27% | Taiwan | Technology Hardware and Equip. |
| 98 | Power Assets Holding | 6.37% | 97.92% | Hong-Kong | Electricity |
| 99 | Suntec REIT | 6.35% | 56.25% | Singapore | Real Estate Investment Trusts |
| 100 | PTT | 6.32% | 52.37% | Thailand | Oil and Gas Producers |
Average payout ratio of dividends in 2022
The average dividend payout ratio in 2022 is 0.9%.
In 2022, companies calculate the average dividend payout ratio by dividing the total amount of dividends paid by the market value of all outstanding shares. The result represents how much each shareholder receives for each share they own.
Companies can use this number to compare themselves to other companies that have similar financials based on their cash flows or how much money they generate from their business operations. It also allows you to see if there are any outliers among these numbers so you know where to focus your attention as an investor.
Why you should consider S&P dividend aristocrats
The S&P Dividend Aristocrats are the best dividend paying stocks. These are companies that have increased their dividends for at least 25 consecutive years. And their history of increasing dividends is over 50 years.
The reason the S&P Dividend Aristocrats are so great is that investors consider them to be stable investments. That means they’re likely to keep paying cash into shareholders’ hands for many years to come. And they still rank high on our list of the best dividend stocks for 2023.
Benefits of dividends stocks
Increasing your income through dividends is a great way to fund expenses such as education and retirement, or to invest in other stocks or bonds.
Dividends are also a great way to grow your wealth over time by using the funds you receive from dividends as an investment opportunity for yourself or others.
- Benefits For The Company
- The company is a dividend aristocrat:
- The company is a blue-chip stock
- The company has a long history of dividend payments.
- The company has a strong balance sheet, with little debt and strong cash flow to cover it.
- The management team has the ability to pay dividends consistently over the long term. They’ve managed to increase their payout rate by 3% per year over the past decade while still growing sales at 6% per year.
- Benefits For The Investor
Dividends are a great way to increase your income, build wealth and diversify your portfolio.
As an investor, you can choose from a variety of dividend-paying companies to invest in based on their yield potential and other factors.
Here are other benefits:
- Dividends are a great way to reinvest your money.
- Dividends are a great way to grow your money.
- Dividends are a great way to diversify your portfolio.
- Dividends are a great way to increase your income.
What you should look for in dividend stocks in 2023
Capital Economics predicts that Asian stock markets will grow by 5.9% in 2023. The Asian market is one of the most competitive in the world, and it’s expected to have its best year since 2014.
If you’re looking to invest in the 100 best dividend stocks in 2023, it’s important to make sure that you know what to look for. The following are some things you should keep in mind:
- Dividend stocks that have a high dividend yield
A company’s dividend yield is an important factor when considering whether or not a stock is worth buying. A high dividend yield indicates that a company will be able to pay out more cash in dividends than its total revenues over time. Investors should consider both short-term and long-term growth potential before deciding on which stocks to invest in during 2023 in the Asian market.
- Look at the company’s financials (both its revenue and profits)
In addition to dividend yield, another key factor to consider is the company’s financial performance. This includes both revenue and profits—and it’s possible for two companies with similar revenue numbers but different profit margins to have very different valuations due to their profitability levels.
- A high payout ratio
The higher the dividend, the better. It’s also important to note that if a company has a high payout ratio, its stock may be more volatile than average because it will fluctuate more when it pays dividends (and vice versa). This can be detrimental if you’re trying to plan your portfolio with conservative goals in mind, but it’s still worth keeping in mind.
- Dividend growth rate
Many investors want to know whether a company’s dividend is growing or shrinking. In this case, the best dividend stocks for 2023 in the Asian market are those that have increased their dividends over time. You can check this by looking at the company’s financials, specifically its revenues and profits. If they’ve grown, it’s a good sign that the company will continue to increase its dividend over time.
- Low risk
Some investors worry about investing in companies that could go bankrupt or fail due to poor management decisions or unexpected events such as natural disasters or wars overseas. But if you can find a high-quality company with low risk and strong growth potential (like Samsung), then this may not be such a problem for you!
- Return on equity (ROE) of each company
You should also check the return on equity (ROE) of each company. A higher ROE indicates greater profitability; conversely, if a fund manager is highly leveraged or overleveraged relative to its assets, this could also get them into trouble down the road, so keep an eye out for this as well.
FAQs
Here are some of the frequently asked questions:
What is a dividend?
A dividend is a payment, usually in cash, made by a company to its shareholders. It can be either regular or semi-annual. Dividends can have different names depending on the country you’re in. So be sure to check your own country’s rules before buying or selling stocks.
Are dividend stocks long term?
Yes, they are. Dividend stocks are an excellent way to build and grow your wealth over time. Dividends are an important part of any investment. But many investors don’t realize how much they can benefit from them.
Are dividend stocks a good way to build your wealth?
The most obvious reason why you should consider buying dividend stocks is that they’re a great way to build up your savings account. Over time, they can help you accumulate anything from cold, hard cash in your bank account, which gives you more flexibility. In addition, you can also acquire real estate investments or even retirement accounts like 401ks or IRAs with higher returns.
What are dividend aristocrats?
A dividend aristocrat is a company that has paid dividends for at least 25 years and has an increasing payout ratio. A dividend aristocrat is one of the best places to invest because they tend to be stable companies. Dividend aristocrats are also great long-term investments because they tend to not only pay dividends. They also reinvest those earnings in future growth opportunities, such as new products or technology upgrades (or even acquisitions).
What is dividend yield?
The dividend yield is a measure of the annual income that a stock pays out to shareholders. It’s calculated by dividing the company’s dividend by its share price and is an important indicator of how much money you can make from owning a stock. Dividend yields tend to be higher for stocks that have been around longer and have more stable businesses and consistent cash flows. You’ll also want to look at long-term growth rates and historical dividend trends before making your investment decision.
Do Dividends attract tax?
If you’re in the 25% tax bracket, for example, the government will tax your dividends at a lower rate of 15% compared to other income. In addition, if you’re in the 10% or 15% tax brackets, your dividends may be completely excluded from taxable income and will have no impact on your overall tax liability.
Conclusion
Dividend stocks are a great way to grow your wealth. They are also good for your portfolio because you can reinvest the dividends and collect more growth over time.
If you’re looking for something simple and easy, dividend stocks should be the first place that comes to mind. With all these benefits, it’s no wonder that dividend stocks have become so popular in recent years.
With so many quality companies on our list of the 100 Best Dividend Stocks for 2023, we hope you’ll find one that fits your needs.
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