Top Italian (Borsa Italiana) Dividend Stocks

Top Italian (Borsa Italiana) Dividend Stocks

UPDATED Oct 04, 2022

What are the best Italian (Borsa Italiana) Dividend Stocks?

According to our Simply Wall St analysis these are the best Italian dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.

Our criteria to find Top Dividend Companies

High Yield

  • Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
  • Yields vary between markets, so we focus on the top dividend payers in each market.

What do we look for?

  • Is the yield in the top 25% of the market's dividend payers.

Consistent Dividends

  • Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
  • If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.

What do we look for?

  • Has the dividend been stable over the last 10 years.
  • Has the dividend grown over the last 10 years.

Dividend Cover

  • Ideally the company doesn't pay out all of its earnings, neglecting future growth.
  • If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.

What do we look for?

  • Are dividends covered by earnings.
  • Are dividends forecast to be covered by earnings in the future.

Healthy Balance Sheet

  • Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

11 companies meet this criteria in the Italian market

Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: BZU's dividend (2.6%) is low compared to the top 25% of dividend payers in the Italian market (5.74%).

See Full Stock Report

Rewards

  • Trading at 52.6% below our estimate of its fair value

  • Earnings are forecast to grow 14.61% per year

Risks

  • Profit margins (11.3%) are lower than last year (16.7%)

View all Risks and Rewards

Banca Generali S.p.A. distributes financial products and services for affluent and private customers through financial advisors primarily in Italy.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: BGN's dividend (6.87%) is in the top 25% of dividend payers in the Italian market (5.74%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 2.7% below our estimate of its fair value

  • Earnings are forecast to grow 13.65% per year

Risks

  • Highly volatile share price over the past 3 months

  • High level of non-cash earnings

View all Risks and Rewards

Valsoia S.p.A. engages in the production, distribution, and marketing of mass consumption food products with a primary focus on health foods in Italy.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: VLS's dividend (4.03%) is low compared to the top 25% of dividend payers in the Italian market (5.74%).

  • Future Dividend Coverage

See Full Stock Report

Rewards

  • Trading at 17.3% below our estimate of its fair value

  • Earnings are forecast to grow 19.91% per year

Risks

No risks detected for VLS from our risks checks.

View all Risks and Rewards

Azimut Holding S.p.A. operates in the asset management sector.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: AZM's dividend (8.33%) is in the top 25% of dividend payers in the Italian market (5.74%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 61.4% below our estimate of its fair value

  • Earnings are forecast to grow 4.86% per year

  • Earnings grew by 25% over the past year

Risks

No risks detected for AZM from our risks checks.

View all Risks and Rewards

Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: PIA's dividend (6.99%) is in the top 25% of dividend payers in the Italian market (5.74%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 30.1% below our estimate of its fair value

  • Earnings are forecast to grow 14.36% per year

Risks

  • Has a high level of debt

View all Risks and Rewards

Esprinet S.p.A., together with its subsidiaries, engages in the wholesale distribution of information technology (IT) and consumer electronics primarily in Italy, Spain, Portugal, and rest of Europe.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: PRT's dividend (8.39%) is in the top 25% of dividend payers in the Italian market (5.74%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 64.2% below our estimate of its fair value

  • Earnings are forecast to grow 21.53% per year

Risks

  • Debt is not well covered by operating cash flow

  • High level of non-cash earnings

View all Risks and Rewards

Elica S.p.A. designs, manufactures, and sells motors for cooker hoods and central heating boilers in Europe and CIS countries, America, and internationally.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: ELC's dividend (2.55%) is low compared to the top 25% of dividend payers in the Italian market (5.74%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 52% below our estimate of its fair value

  • Earnings are forecast to grow 20.02% per year

  • Earnings grew by 113.9% over the past year

Risks

  • Large one-off items impacting financial results

View all Risks and Rewards

Gefran S.p.A., together with its subsidiaries, designs and produces automation components and industrial process control systems Italy, Europe, North America, South America, Asia, and internationally.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: GE's dividend (4.82%) is low compared to the top 25% of dividend payers in the Italian market (5.74%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 11.1% below our estimate of its fair value

  • Earnings are forecast to grow 10.61% per year

Risks

  • Profit margins (6.1%) are lower than last year (8.8%)

  • Large one-off items impacting financial results

View all Risks and Rewards
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