Tuesday, September 28, 2010
Top Yield China Stocks
China just reported that manufacturing increase for the second month in a row. Many investors have concerns about China stocks, but to allay those fears, attention should be paid to the Chinese stocks that pay dividends.
WallStreetNewsNetwork.com has turned up a new list of over a dozen China stocks that pay dividends with yields ranging from one percent to over 8%.
PetroChina Co. Ltd. (PTR) has been paying dividends since the year 2000, and pays semi-annually (twice a year), most recently in May and September. This producer of oil and natural gas has a forward PE of 9 and pays a yield of 2.9%.
Another China company with a long term track record of paying dividends is China Petroleum & Chemical Corp. (SNP), which has been paying semi-annually since 2001. This oil, gas, and chemical company has a forward PE of 7 and yields 3.4%.
For a free Excel database of over a dozen high yielding China stocks, which can be sorted and changed, go to wsnn.com. Six of the stocks yield more than 3%. If you've been to the site before, you may need to clear out your cache if the High Yield China Stock database doesn't appear.
Author does not own any of the above.
picture is of the South China Sea, courtesy of wikipedia