According to Internet searches, the top 10 stocks with the highest dividend payouts on China's stock exchanges are as follows:
- Sinopec (600028): The dividend payout ratio in 2020 is 9.09%, and the dividend per share is 0.18 yuan, with a price-earnings ratio of 9.7 times.
- China Mobile (0941): The dividend payout ratio for 2020 is 8.3%, with a dividend of HK$3.29 per share, and a price-to-earnings ratio of 8.1 times.
- China Construction Bank (601939): The dividend payout ratio in 2020 is 7.69%, and the dividend per share is 0.35 yuan, with a price-earnings ratio of 5.2 times.
- Industrial and Commercial Bank of China (601398): The dividend payout ratio in 2020 is 7.41%, and the dividend per share is 0.3 yuan, with a price-earnings ratio of 5 times.
- Bank of China (601988): The dividend payout ratio in 2020 is 7.14%, and the dividend per share is 0.18 yuan, with a price-earnings ratio of 4.6 times.
- China Life (601628): The dividend payout ratio for 2020 is 6.67%, with a dividend of RMB 0.6 per share and a price-earnings ratio of 9.4 times.
- Ping An of China (601318): The dividend payout ratio for 2020 is 6.25%, with a dividend of 2 yuan per share, and a price-earnings ratio of 10 times.
- China Overseas Land & Investment (0688): The dividend payout ratio for 2020 is 5.88%, with a dividend of HK$1 per share, and a price-to-earnings ratio of 5.9 times.
- China Unicom (0762): The dividend payout ratio in 2020 is 5.56%, and the dividend per share is HK$0.25, with a price-earnings ratio of 12 times.
- China Telecom (0728): The dividend payout ratio for 2020 is 5.26%, with a dividend of HK$0.1 per share, and a price-earnings ratio of 9 times.
The above information is for reference only and does not constitute investment advice. Investors should carefully choose dividend-paying stocks based on their own risk tolerance and financial goals.