Beyond Banks: Korean Securities Firms Riding the Dividend Wave

Samsung Securities' projected 2026 dividend implies a yield of roughly 6.9%, and NH Investment & Securities' preferred shares have approached a 9% yield — both benefiting from the same brokerage fee income boom lifting Korea's major banks, plus a sector-specific tailwind from higher trading volumes. This article is part of our Top High-Dividend Korean Stocks & Corporate Value-Up Strategy guide.

Why Are Securities Firms Benefiting Alongside Banks?

Korean securities and financial stocks have been described by market commentators as emerging as relative "safe havens" amid broader market volatility in 2026, supported by record earnings and rising dividends tied to elevated trading activity. Higher stock market turnover directly lifts brokerage commission revenue — the same dynamic that boosted fee income at the major bank holding companies also flows through more directly to pure-play securities firms.

반응형

Which Securities Firms Stand Out?

Company	Dividend Signal
Samsung Securities	Projected 2026 DPS of ~7,100 Won, implying ~6.9% yield
Korea Investment Holdings	Dividend yield expected to rise into the mid-5% range
NH Investment & Securities (preferred shares)	Yield approaching 9% on preferred share class

What's the Difference Between Common and Preferred Shares Here?

✅ Before Buying a Korean Preferred Share for Yield

• Preferred shares (like NH Investment & Securities') typically carry no voting rights but a fixed or prioritized dividend claim ahead of common shares
• Preferred share liquidity is often lower than the corresponding common share, which can widen bid-ask spreads
• Confirm the dividend structure (fixed vs. participating) directly, since terms vary by issuance
• Higher headline yield on preferred shares often partly reflects this reduced liquidity and lack of voting power, not purely "free" extra return

Frequently Asked Questions

Q1. Do Korean securities firms have the same CET1-linked dividend framework as banks?

A. No, CET1 requirements are specific to banking entities; securities firms typically use their own capital adequacy metrics and payout frameworks.

Q2. Are securities firm dividends more volatile than bank dividends?

A. Generally yes, since brokerage fee income is more directly tied to trading volume and market sentiment than bank lending income, which tends to be steadier.

Q3. Can foreign investors buy Korean preferred shares?

A. Yes, preferred shares trade on KOSPI/KOSDAQ through the same account access as common shares, subject to the same general foreign investor rules.