Eight Banks from Asia trade on the New York Stock Exchange(NYSE) as ADRs. The following table lists those banks with the dividend yield as of November 5, 2008.
| Bank | Ticker | Dividend Yield | Country |
|---|---|---|---|
| HDFC Bank | HDB | 0.90% | India |
| ICICI Bank | IBN | 2.97% | India |
| KB Financial | KB | N/A | Korea |
| Mitsubishi UFJ Financial | MTU | N/A | Japan |
| Mizuho Financial | MFG | N/A | Japan |
| Shinhan Financial | SHG | N/A | Korea |
| Westpac Banking | WBK | 7.28% | Australia |
| Woori Finance | WF | N/A | Korea |
| Source: www.adruniverse.com |
Few Observations:
1.As noted, five of the above banks do not pay a regular dividend.
2. Westpac Banking(WBK) of Australia now pays a high yield of 7.28%. Probably the best one to invest in among the banks above since Australia is a developed nation and will recover when commodity prices recover. Japan and South Korea are developed countries as well but the banks do not pay regular dividend.
3. The ADRs from Indian are down heavily year-to-date due to the credit crisis and crash in the domestic markets. They may cheaper by the end of the year.
4.South Korea has announced a good bailout plan which involves high public spending on projects. Due to the collapse of the currency Won, South Korean stocks have taken a serious hit in recent months.
5. Japanese stocks have relatively held up well in this credit crunch. But domestically the Nikkei still seems to be in a funk for many years now. So before making any investment it is a good idea to do more research on these Japanese banks.
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