Shinhan Financial Group-Shinhan Financial (SHG) is a Top Dividend Stock Right Now: Should You Buy?

Company Overview - Shinhan Financial is headquartered in Seoul and has experienced a price change of 32.36% this year [3] - The company currently pays a dividend of $0.3 per share, resulting in a dividend yield of 2.99%, which is lower than the Banks - Foreign industry's yield of 3.86% and the S&P 500's yield of 1.56% [3] Dividend Performance - The annualized dividend of Shinhan Financial is$ 1.22, reflecting a 31.6% increase from the previous year [4] - Over the past five years, the company has increased its dividend three times year-over-year, with an average annual increase of 4.37% [4] - The current payout ratio is 19%, indicating that the company paid out 19% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - Shinhan Financial is expected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2024 at $6.22 per share, representing a 0.97% increase from the previous year [5] Investment Considerations - The company is viewed as a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [7]