Dividend Stock News

The Chinese market is still hot. Here are two stocks with focuses on China that pay reasonable dividends:

Aberdeen Asia-Pacific Income Fund Inc. (yield = 6.5%)

Aberdeen Asia-Pacific Income Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund’s investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. It invests in Australian and Asian debt securities. The Fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in Asian debt securities, Australian debt securities and New Zealand debt securities. Asian countries include China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam, and such other countries on the Asian continent approved for investment by the investment manager of the Fund. Aberdeen Asset Management Asia Limited serves as investment manager to the Fund. Aberdeen Asset Management Limited serves as investment adviser to the Fund.

Huaneng Power International, Inc.(yield = 3.56%)

Huaneng Power International, Inc., together with its subsidiaries, is engaged in the generation and sale of electric power to the regional or provincial grid companies in the People’s Republic of China. Its principal activities are investment, construction, operation and management of power plants. As of December 31, 2006, it wholly owned 17 operating power plants and had controlling interests in 12 operating power plants and minority interests in five operating power companies. Its power plants are located in 12 of China’s provinces, including Liaoning, Hebei, Shanxi, Shandong, Henan, Fujian, Jiangsu, Zhejiang, Guangdong, Jiangxi, Gansu, Hunan, and in Shanghai and Chongqing Municipalities. Its electricity generation business covers the Northeast China Grid, the North China Grid, the Northwest China Grid, the East China Grid, the Central China Grid and the South China Grid. During the year ended December 31, 2006, its total power generation reached 159.9 billion kilowatt hours.

Here are three more high-yield dividend stocks that focus on Asia.

Asia Pacific Fund (APB): current yield 13.3% (yearly)

The Asia Pacific Fund is a diversified, closed-end management investment company, listed on the New York Stock Exchange under the symbol “APB.” Its holdings consist of investments in equity securities of companies in the Asia Pacific region. 

China Fund Inc (CHN): current yield 12% (yearly)

The China Fund, Inc. is a non-diversified, closed-ended management investment company launched in April 1992. Its objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests is China, or which derive a significant part of their revenue from China.

Japan Smaller Capitalization Fund Inc. (JOF) [Editor's Note: I own this]: current yield 12.1% (yearly)

Japan Smaller Capitalization Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investments in smaller-capitalization Japanese equity securities traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex and other indices or markets determined by Nomura Asset Management U.S.A. Inc. to be appropriate indices or markets for smaller-capitalization companies in Japan. (from Google)

S&P tracks high dividend Asian stocks with it S&P Pan Asia 50 High Dividend Index:

The S&P Pan Asia 50 High Dividend Index is designed to measure the performance of 50 Pan-Asian stocks that have high dividend yields. Only high dividend paying stocks from Japan, Australia, Taiwan, China, Hong Kong, South Korea and Singapore are eligible for membership.