As major Gulf markets track global shares higher, bolstered by a positive shift in global investor sentiment and robust fourth-quarter earnings, the Middle East stock market is experiencing a wave of optimism. In this environment, identifying strong dividend stocks becomes crucial for investors seeking stability and income, as these stocks often provide consistent returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In The Middle East
| Name |
Dividend Yield |
Dividend Rating |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) |
5.25% |
★★★★★★ |
| Yapi ve Kredi Bankasi (IBSE:YKBNK) |
3.19% |
★★★★★☆ |
| Riyad Bank (SASE:1010) |
6.36% |
★★★★★☆ |
| Palram Industries (1990) (TASE:PLRM) |
8.68% |
★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) |
7.63% |
★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) |
6.67% |
★★★★★☆ |
| Dubai Insurance Company (P.S.C.) (DFM:DIN) |
5.93% |
★★★★★☆ |
| Computer Direct Group (TASE:CMDR) |
7.82% |
★★★★★☆ |
| Banque Saudi Fransi (SASE:1050) |
6.12% |
★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
5.36% |
★★★★★☆ |
Click here to see the full list of 58 stocks from our Top Middle Eastern Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
National Bank of Umm Al-Qaiwain (PSC)
Simply Wall St Dividend Rating:★★★★☆☆
Overview:National Bank of Umm Al-Qaiwain (PSC) provides retail and corporate banking services in the United Arab Emirates, with a market capitalization of AED5.60 billion.
Operations:National Bank of Umm Al-Qaiwain (PSC) generates revenue from Treasury and Investments amounting to AED413.01 million and Retail and Corporate Banking services totaling AED423.61 million.
Dividend Yield:6.4%
National Bank of Umm Al-Qaiwain (PSC) offers a dividend yield of 6.43%, placing it in the top 25% of dividend payers in the AE market. Despite its attractive price-to-earnings ratio of 9.8x, below the market average, its dividend history is marked by volatility and unreliability over the past decade. While earnings have grown significantly at 20.7% annually over five years, insufficient data limits assessments on future payout sustainability or coverage beyond current earnings with a payout ratio of 63.1%.
Panora Gayrimenkul Yatirim Ortakligi
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Panora Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate investment sector and has a market capitalization of TRY7.59 billion.
Operations:Panora Gayrimenkul Yatirim Ortakligi A.S. generates revenue primarily through its REIT - Commercial segment, amounting to TRY842.94 million.
Dividend Yield:3.3%
Panora Gayrimenkul Yatirim Ortakligi's dividend yield of 3.28% ranks it in the top 25% of Turkish dividend payers, yet its dividends are not well-covered by earnings due to a high payout ratio of 122.5%. Although cash flows cover dividends with a reasonable cash payout ratio of 65.2%, the company's profit margins and net income have declined year-on-year, raising concerns about sustainability. Despite past growth in dividends, their volatility and unreliability remain significant issues for investors.
Cohen Development Gas & Oil
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Cohen Development Gas & Oil Ltd. engages in the exploration, development, production, and marketing of oil, natural gas, and condensate across Israel, Cyprus, Morocco, and Bulgaria with a market cap of ₪1.38 billion.
Operations:Cohen Development Gas & Oil Ltd. generates revenue of $27.42 million from its production and management of oil and gas exploration activities.
Dividend Yield:5.4%
Cohen Development Gas & Oil's dividend yield of 5.39% places it among the top 25% in the IL market, but its dividends have been volatile and unreliable over the past decade. While earnings growth is notable, a high cash payout ratio of 126.5% indicates dividends are not well-covered by free cash flow, raising sustainability concerns. Recent private placements suggest efforts to bolster capital, with significant participation from institutional investors like Menora Mivtachim Holdings Ltd.
Summing It All Up
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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 ADX:NBQ IBSE:PAGYO and TASE:CDEV.
This article was originally published by Simply Wall St .
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