Shinhan Financial Group-This is Why Shinhan Financial (SHG) is a Great Dividend Stock

Company Overview - Shinhan Financial (SHG) is headquartered in Seoul and operates in the Finance sector [3] - The stock has experienced a price change of 37.39% since the beginning of the year [3] Dividend Information - Currently, Shinhan Financial pays a dividend of $0.3 per share, resulting in a dividend yield of 2.88% [3] - The dividend yield of the Banks - Foreign industry is 3.85%, while the S&P 500's yield is 1.58% [3] - The company's annualized dividend of$ 1.22 has increased by 31.6% from the previous year [4] - Over the last 5 years, Shinhan Financial has raised its dividend 3 times, averaging an annual increase of 4.37% [4] - The current payout ratio is 19%, indicating that the company paid out 19% of its trailing 12-month EPS as dividends [4] Earnings Growth - For the fiscal year 2024, the Zacks Consensus Estimate for earnings is $6.22 per share, reflecting a year-over-year growth rate of 0.97% [5] Investment Considerations - Shinhan Financial is considered a strong dividend play and presents a compelling investment opportunity [7] - The stock currently holds a Zacks Rank of 3 (Hold) [7]