Benzinga
Published Oct 11, 2023 17:57
Updated Oct 11, 2023 19:10
These 6 Chinese Stocks Are Paying A Dividend Of Over 10% Right Now
Benzinga - by Daniel Harrison, Benzinga Contributor.
This year marks the year of the big China stock sell-off: both the Hang Seng Index and China’s Shanghai Composite Index are well in the red. The iShares China Large Cap ETF (ARCA: FXI) is off 8% so far in 2023.
Hang Seng Indexes has made an index of the 50 companies with stellar dividend yields. Year-to-date, the Hang Seng Dividend Yield Index is down as for the rest of the market, by 10.5%.
Continued declines in Chinese stocks have led to speculation that the Chinese government will soon intervene to buy up stocks. If that happens, what are now unbeatable dividend yields may soon begin to vanish.
Of the 50 stocks in the Hang Seng Dividend Yield Index that are traded on US exchanges in addition to Chinese ones, the following six companies when equally-weighted in an investor’s portfolio yield an average dividend of 10.83% at today’s prices:
Read the original article on Benzinga
Written By: Benzinga
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