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Top Italian (Borsa Italiana) Dividend Stocks
UPDATED Jun 28, 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.
6 companies meet this criteria in the Italian market
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 (7.38%) is in the top 25% of dividend payers in the Italian market (5.18%)
Notable Dividend
Stable Dividend
Rewards
Trading at 60.7% below our estimate of its fair value
Earnings are forecast to grow 18.54% per year
Earnings have grown 15.7% per year over the past 5 years
Risks
Volatile share price over the past 3 months
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 (7.02%) is in the top 25% of dividend payers in the Italian market (5.18%)
Notable Dividend
Stable Dividend
Rewards
Trading at 22.9% below our estimate of its fair value
Earnings are forecast to grow 12.81% per year
Risks
No risks detected for BGN from our risks checks.
Equita Group S.p.A. provides sales and trading, investment banking, and alternative asset management services for institutional investors, professionals, retail investors, large corporates, small and medium enterprises, and financial institutions in Italy and internationally.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: EQUI's dividend (9.92%) is in the top 25% of dividend payers in the Italian market (5.18%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Price-To-Earnings ratio (7.9x) is below the Italian market (17.7x)
Earnings are forecast to grow 5.55% per year
Earnings grew by 40.9% over the past year
Risks
No risks detected for EQUI from our risks checks.
Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: BAMI's dividend (6.8%) is in the top 25% of dividend payers in the Italian market (5.18%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Price-To-Earnings ratio (6.5x) is below the Italian market (17.7x)
Earnings are forecast to grow 16.13% per year
Became profitable this year
Risks
Volatile share price over the past 3 months
Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy.
Dividend Criteria
Growing Dividend
Future Dividend Coverage
High Dividend: ISP's dividend (9.04%) is in the top 25% of dividend payers in the Italian market (5.18%)
Notable Dividend
Earnings Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (10x) is below the Italian market (17.7x)
Earnings are forecast to grow 15.85% per year
Earnings grew by 46.1% over the past year
Risks
No risks detected for ISP from our risks checks.
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 (6.44%) is in the top 25% of dividend payers in the Italian market (5.18%)
Notable Dividend
Stable Dividend
Rewards
Trading at 4.8% below our estimate of its fair value
Earnings are forecast to grow 15.56% per year
Earnings have grown 21.8% per year over the past 5 years
Risks
Has a high level of debt