3 Middle Eastern Dividend Stocks Offering Up To 3.7% Yield

As major Gulf shares rise, supported by steady non-oil private sector growth and investor optimism around global trade deals, the Middle Eastern market is showing promising signs of resilience. In this environment, dividend stocks can offer a reliable income stream for investors seeking stability amidst fluctuating market conditions.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 73 stocks from our Top Middle Eastern Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

EIS Eczacibasi Ilaç Sinai ve Finansal Yatirimlar Sanayi ve Ticaret (IBSE:ECILC)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. operates in the health and real estate development sectors both in Turkey and internationally, with a market cap of TRY31.62 billion.

Operations: EIS Eczacibasi Ilaç Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. generates revenue from its health segment, amounting to TRY8.47 billion, and its real estate development segment, contributing TRY671.33 million.

Dividend Yield: 3.8%

EIS Eczacibasi Ilaç Sinai ve Finansal Yatirimlar Sanayi ve Ticaret presents a mixed picture for dividend investors. While its dividend yield of 3.8% ranks in the top 25% of Turkish market payers, the reliability is undermined by volatility over the past decade and insufficient coverage by free cash flows, with a high cash payout ratio of 94%. Recent earnings show improved net income at TRY 1.54 billion, but profit margins have decreased significantly from last year.

• Navigate through the intricacies of EIS Eczacibasi Ilaç Sinai ve Finansal Yatirimlar Sanayi ve Ticaret with our comprehensive dividend report here.
• Our expertly prepared valuation report EIS Eczacibasi Ilaç Sinai ve Finansal Yatirimlar Sanayi ve Ticaret implies its share price may be too high.

Turkiye Garanti Bankasi (IBSE:GARAN)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Turkiye Garanti Bankasi A.S. offers a range of banking products and services in Turkey, with a market cap of TRY569.52 billion.

Operations: Turkiye Garanti Bankasi A.S. generates revenue from Retail Banking (TRY150.98 billion), Corporate Banking (TRY145.63 billion), and Investment Banking (-TRY186.27 billion).

Dividend Yield: 3.2%

Turkiye Garanti Bankasi's dividend yield of 3.24% is slightly below the top 25% in Turkey, but its low payout ratio of 19.6% ensures dividends are well covered by earnings. Despite a volatile dividend history, payments have increased over the past decade. Recent earnings report shows net income at TRY 25.10 billion, reflecting growth from last year. The bank recently completed a US$500 million subordinated notes issuance, potentially strengthening its financial position for future distributions.

• Delve into the full analysis dividend report here for a deeper understanding of Turkiye Garanti Bankasi.
• The analysis detailed in our Turkiye Garanti Bankasi valuation report hints at an deflated share price compared to its estimated value.

Yapi ve Kredi Bankasi (IBSE:YKBNK)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Yapi ve Kredi Bankasi A.S., with a market cap of TRY269.29 billion, operates in Turkey and internationally, offering commercial banking and financial products and services through its subsidiaries.

Operations: Yapi ve Kredi Bankasi's revenue is primarily derived from Retail Banking (including Private Banking and Wealth Management) at TRY86.38 billion, Treasury, Asset Liability Management and Other at TRY61.59 billion, Commercial and SME Banking at TRY54.40 billion, Corporate Banking at TRY18.85 billion, Other Domestic Operations at TRY14.79 billion, and Other Foreign Operations contributing TRY5.52 billion.

Dividend Yield: 3.8%

Yapi ve Kredi Bankasi's dividend yield of 3.8% ranks in the top 25% of Turkish dividend payers, with a low payout ratio of 24.5%, indicating strong coverage by earnings. Despite a volatile and unreliable dividend history over the past decade, payments have increased during this period. Recent Q1 2025 earnings show net income at TRY 11.42 billion, up from TRY 10.30 billion last year, though profit margins have decreased significantly from the previous year.

• Get an in-depth perspective on Yapi ve Kredi Bankasi's performance by reading our dividend report here.
• Our valuation report unveils the possibility Yapi ve Kredi Bankasi's shares may be trading at a premium.

Turning Ideas Into Actions

• Investigate our full lineup of 73 Top Middle Eastern Dividend Stocks right here.
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Seeking Other Investments?

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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.

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