3 Asian Dividend Stocks Yielding Up To 4.8%

Dividend Yield: 3.9%

Chugai Ro’s dividend payments have been stable and growing over the past decade, with a recent increase to ¥150 per share for fiscal 2025, reflecting a commitment to shareholder returns. Despite a high dividend yield of 3.93% in Japan’s top quartile, concerns arise from dividends not being covered by free cash flows. The company’s low price-to-earnings ratio of 7.4x suggests potential value, yet large one-off items affect earnings quality and sustainability remains uncertain without free cash flow support.

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

Overview: Shinagawa Refractories Co., Ltd. manufactures and sells refractory products both in Japan and internationally, with a market cap of ¥84.37 billion.

Operations: Shinagawa Refractories Co., Ltd. generates revenue from several segments, including Refractory at ¥95.86 billion, Engineering at ¥25.73 billion, Advanced Equipment at ¥4.34 billion, and Insulation Material at ¥18.78 billion.

Dividend Yield: 4.9%

Shinagawa Refractories maintains a stable and growing dividend track record, recently increasing its payout to ¥45 per share for fiscal 2025. The dividend yield of 4.86% ranks in the top quartile of Japanese payers, supported by a sustainable payout ratio of 42% and cash flow coverage at 62.9%. Despite lower profit margins this year, the stock trades significantly below estimated fair value, offering potential investment appeal amidst consistent dividend reliability over the past decade.

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 SHSE:603611 TSE:1964 and TSE:5351.

This article was originally published by Simply Wall St.

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