As the earnings season progresses, most Gulf markets are experiencing gains, with notable increases in indices such as Saudi Arabia's benchmark and Abu Dhabi's index. Against this backdrop of positive market momentum and stable oil prices, dividend stocks remain an attractive option for investors seeking steady income streams amidst regional economic developments.
Top 10 Dividend Stocks In The Middle East
| Name |
Dividend Yield |
Dividend Rating |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) |
5.18% |
★★★★★★ |
| Yapi ve Kredi Bankasi (IBSE:YKBNK) |
3.27% |
★★★★★☆ |
| Saudi Investment Bank (SASE:1030) |
5.77% |
★★★★★☆ |
| Riyad Bank (SASE:1010) |
6.25% |
★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) |
7.21% |
★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) |
6.64% |
★★★★★☆ |
| Dubai Insurance Company (P.S.C.) (DFM:DIN) |
5.93% |
★★★★★☆ |
| Computer Direct Group (TASE:CMDR) |
7.76% |
★★★★★☆ |
| Banque Saudi Fransi (SASE:1050) |
6.08% |
★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
4.99% |
★★★★★☆ |
Click here to see the full list of 57 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Emirates NBD Bank PJSC
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Emirates NBD Bank PJSC, along with its subsidiaries, offers a range of corporate, institutional, retail, treasury, and Islamic banking services and has a market cap of AED194.87 billion.
Operations:Emirates NBD Bank PJSC generates revenue through its corporate, institutional, retail, treasury, and Islamic banking services.
Dividend Yield:3.2%
Emirates NBD Bank PJSC has consistently provided stable dividend payments over the past decade, supported by a low payout ratio of 28.2%, indicating dividends are well-covered by earnings. The recent announcement of an AED 1 per share annual dividend reaffirms its commitment to returning value to shareholders. Despite a relatively lower dividend yield compared to top-tier payers in the region, the bank's earnings growth and reasonable valuation suggest potential for sustainable dividends amidst a high bad loans ratio of 2.4%.
Anadolu Anonim Türk Sigorta Sirketi
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Anadolu Anonim Türk Sigorta Sirketi operates in the insurance sector in Turkey with a market capitalization of TRY55.72 billion.
Operations:Anadolu Anonim Türk Sigorta Sirketi's revenue is primarily generated from segments including Motor Vehicles (TRY15.85 billion), Sickness/Health (TRY14.74 billion), Motor Vehicles Liability (TRY11.46 billion), and Fire and Natural Disasters (TRY6.56 billion).
Dividend Yield:3.8%
Anadolu Anonim Türk Sigorta Sirketi's dividend yield of 3.77% ranks in the top 25% within Turkey, but it's not supported by free cash flow, raising sustainability concerns. The company has a low payout ratio of 17.2%, indicating dividends are covered by earnings; however, past payments have been volatile and unreliable with drops over 20%. Despite trading below fair value and strong earnings growth of 59.4% annually over five years, dividend stability remains an issue.
Saudi Networkers Services
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Saudi Networkers Services Company operates in implementing, establishing, maintaining, operating, installing, and managing telecommunication networks in Saudi Arabia and Algeria with a market cap of SAR452.70 million.
Operations:Saudi Networkers Services Company generates revenue primarily from its Computer Services segment, amounting to SAR586.10 million.
Dividend Yield:5.8%
Saudi Networkers Services offers a competitive dividend yield of 5.77%, ranking in the top 25% of the Saudi Arabian market. The company's dividends are supported by both earnings and cash flows, with payout ratios at 72.5% and 70.3%, respectively, suggesting sustainability. Although dividends have been stable and growing, they have only been paid for three years, limiting their reliability history. Recent leadership changes saw Ahmed Abu Nemeh appointed as CEO, potentially impacting future strategic direction.
Summing It All Up
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Explore the 57 names from our Top Middle Eastern Dividend Stocks screener 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 DFM:EMIRATESNBD IBSE:ANSGR and SASE:9543.
This article was originally published by Simply Wall St .
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