Why Woori Bank (WF) is a Top Dividend Stock for Your Portfolio

Company Overview - Woori Bank is based in Seoul and operates in the Finance sector, with shares experiencing a price change of 18.1% this year [3] - The current dividend payout is $0.3 per share, resulting in a dividend yield of 3.4$1.21, reflecting an increase of 89.7% from the previous year [4] - Over the past five years, the bank has increased its dividend three times year-over-year, with an average annual increase of 0.01% [4] - The current payout ratio is 16%, indicating that Woori Bank paid out 16% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Woori Bank's earnings in 2024 is $8.21 per share, which represents a year-over-year earnings growth rate of 10.65% [5] Investment Considerations - Woori Bank is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The bank's dividend appeal is enhanced by the potential tax advantages and reduced overall portfolio risk associated with dividend-paying stocks [6]