In recent weeks, Middle Eastern markets have experienced a notable upswing, driven by eased geopolitical tensions and strong corporate earnings. As investors navigate this optimistic landscape, dividend stocks offer a compelling opportunity for those seeking steady income amidst the region's dynamic market conditions.
Top 10 Dividend Stocks In The Middle East
| Name |
Dividend Yield |
Dividend Rating |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) |
4.56% |
★★★★★★ |
| Saudi Awwal Bank (SASE:1060) |
5.72% |
★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) |
7.50% |
★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) |
6.40% |
★★★★★☆ |
| Dubai Insurance Company (P.S.C.) (DFM:DIN) |
5.93% |
★★★★★☆ |
| Computer Direct Group (TASE:CMDR) |
10.36% |
★★★★★☆ |
| Banque Saudi Fransi (SASE:1050) |
5.93% |
★★★★★☆ |
| Arab National Bank (SASE:1080) |
6.15% |
★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
4.96% |
★★★★★☆ |
| Anadolu Anonim Türk Sigorta Sirketi (IBSE:ANSGR) |
3.88% |
★★★★★☆ |
Click here to see the full list of 53 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
SABIC Agri-Nutrients
Simply Wall St Dividend Rating:★★★★☆☆
Overview:SABIC Agri-Nutrients Company is involved in the production, conversion, manufacturing, marketing, and trade of agri-nutrients and chemical products across several countries including Singapore, the United States, India, and Saudi Arabia with a market cap of SAR60.12 billion.
Operations:SABIC Agri-Nutrients generates revenue primarily from its Agri-Nutrients segment, which accounts for SAR12.36 billion, and its Petrochemicals segment, contributing SAR542.49 million.
Dividend Yield:5.5%
SABIC Agri-Nutrients offers a mixed dividend profile. Despite a reasonable payout ratio of 72.1%, its dividends have been volatile over the past decade, with an unstable track record. The stock is trading at good value with a price-to-earnings ratio of 14x, lower than the SA market average of 17.6x. Although earnings grew by 28% last year, they are forecast to decline by an average of 1.3% annually over the next three years.
Atreyu Capital Markets
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Atreyu Capital Markets Ltd is an investment holding company operating in the investment management sector in Israel, with a market cap of ₪1.24 billion.
Operations:Atreyu Capital Markets Ltd generates revenue of ₪110.61 million from its investment management activities.
Dividend Yield:5%
Atreyu Capital Markets presents a complex dividend profile. Despite recent earnings growth, its dividends have been volatile and unreliable over the past decade. The payout ratio of 79.9% suggests dividends are covered by earnings, though cash flow coverage is tighter at 88.9%. With a price-to-earnings ratio of 11.6x, it trades below the IL market average, yet its dividend yield of 5.05% falls short compared to top-tier payers in the region.
Gan Shmuel Foods
Simply Wall St Dividend Rating:★★★★★☆
Overview:Gan Shmuel Foods Ltd. is engaged in the production, marketing, and sale of citrus fruit, tomato, and other non-citrus fruit products in Israel with a market cap of ₪461.24 million.
Operations:Gan Shmuel Foods Ltd. generates its revenue from two main segments: Retailer, contributing $46.02 million, and Industrial, accounting for $234.10 million.
Dividend Yield:6%
Gan Shmuel Foods offers a mixed dividend profile. While its 6% yield ranks in the top 25% of IL market payers, dividends have been volatile over the past decade. Despite a decline in profit margins and net income, its dividends are well-covered by earnings (payout ratio: 43.8%) and cash flows (cash payout ratio: 34.2%). Recent financials show reduced sales and net income compared to last year, potentially impacting future dividend stability.
Seize The Opportunity
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Embark on your investment journey to our 53 Top Middle Eastern Dividend Stocks selection here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SASE:2020 TASE:ATRY and TASE:GSFI.
This article was originally published by Simply Wall St .
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