Shang Properties, Inc. reported strong earnings growth with net income reaching PHP 4.24 billion for the first nine months of 2024. Despite a high dividend yield of 7.28%, which ranks in the top 25% in the Philippines, its dividends are not well-covered by free cash flows due to a substantial cash payout ratio of 1990.2%. While earnings sufficiently cover payouts with a low payout ratio of 22.9%, dividends have been volatile and unreliable over the past decade.

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

Overview: Shinkong Insurance Co., Ltd. offers property insurance services to individuals and corporations in Taiwan, with a market capitalization of NT$33.33 billion.

Operations: Shinkong Insurance Co., Ltd.'s revenue is derived entirely from its property insurance segment, amounting to NT$20.59 billion.

Dividend Yield: 4.7%

Shinkong Insurance's dividend yield of 4.73% places it among the top 25% in Taiwan, though its dividends have been volatile and unreliable over the past decade. Despite this, payouts are well-covered by a payout ratio of 48.5% and a cash payout ratio of 59.2%. Recent earnings show mixed results with Q3 net income declining to TWD 814.76 million from TWD 995.64 million year-over-year, while nine-month earnings improved to TWD 2,502.25 million from TWD 2,166.71 million previously.

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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 BMV:BOLSA A PSE:SHNG and TWSE:2850.

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