3 Top Dividend Stocks On Euronext Paris Yielding Up To 5.7%

As the European markets show resilience with France's CAC 40 Index gaining 1.54% following an interest rate cut from the European Central Bank, investors are increasingly looking for stable income sources amid economic uncertainties. In this context, dividend stocks offer a compelling option by providing regular income and potential for capital appreciation.

Top 10 Dividend Stocks In France

Name	Dividend Yield	Dividend Rating
Vicat (ENXTPA:VCT)	6.12%	★★★★★★
Rubis (ENXTPA:RUI)	8.27%	★★★★★★
Exacompta Clairefontaine (ENXTPA:ALEXA)	4.75%	★★★★★☆
Arkema (ENXTPA:AKE)	4.30%	★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)	3.62%	★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)	5.83%	★★★★★☆
Samse (ENXTPA:SAMS)	6.90%	★★★★★☆
Piscines Desjoyaux (ENXTPA:ALPDX)	7.94%	★★★★★☆
Eiffage (ENXTPA:FGR)	4.40%	★★★★☆☆
Infotel (ENXTPA:INF)	5.06%	★★★★☆☆

Click here to see the full list of 36 stocks from our Top Euronext Paris Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Arkema (ENXTPA:AKE)

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

Overview: Arkema S.A. manufactures and sells specialty chemicals and advanced materials worldwide, with a market cap of €6.08 billion.

Operations: Arkema S.A.'s revenue segments include Intermediates (€779 million), Coating Solutions (€2.39 billion), Adhesive Solutions (€2.71 billion), and Advanced Materials (€3.51 billion).

Dividend Yield: 4.3%

Arkema S.A. offers a stable and reliable dividend, supported by a decade of consistent payments and a current yield of 4.3%. Despite recent earnings declines, dividends remain well-covered by both earnings (76.4% payout ratio) and cash flows (47% cash payout ratio). Recent strategic changes, including new executive appointments and share repurchase programs up to €1.05 billion, indicate proactive management aimed at enhancing shareholder value.

• Click here to discover the nuances of Arkema with our detailed analytical dividend report.
• Our valuation report here indicates Arkema may be undervalued.

Gaztransport & Technigaz (ENXTPA:GTT)

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

Overview: Gaztransport & Technigaz SA is a technology and engineering company that offers cryogenic membrane containment systems for maritime transportation and storage of liquefied gas and LNG, with a market cap of €4.76 billion.

Operations: Gaztransport & Technigaz SA generates revenue from two main segments: €530.73 million from its Core Business Including Services and €13.96 million from Hydrogen.

Dividend Yield: 5.7%

Gaztransport & Technigaz (GTT) announced an interim dividend of €3.67 per share for 2024, with payment scheduled for December 12. Despite a high dividend yield of 5.71%, the company's dividends have been volatile and are not well-covered by free cash flows, with a cash payout ratio of 139.7%. Recent earnings growth is strong, with net income doubling to €170.31 million in H1 2024, but long-term dividend reliability remains questionable.

• Dive into the specifics of Gaztransport & Technigaz here with our thorough dividend report.
• Our expertly prepared valuation report Gaztransport & Technigaz implies its share price may be lower than expected.

Compagnie Générale des Établissements Michelin Société en commandite par actions (ENXTPA:ML)

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

Overview: Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide, with a market cap of €25.85 billion.

Operations: The company's revenue segments include €14.16 billion from Automotive and Related Distribution, €6.84 billion from Road Transportation and Related Distribution, and €6.74 billion from Specialty Businesses and Related Distribution.

Dividend Yield: 3.7%

Compagnie Générale des Établissements Michelin Société en commandite par actions reported H1 2024 sales of €13.48 billion and net income of €1.16 billion, both slightly down from the previous year. Despite a history of volatile dividends, recent payouts are well-covered by earnings (50.2% payout ratio) and cash flows (32.6% cash payout ratio). However, its dividend yield is relatively low at 3.71%, compared to the top 25% in France's market at 5.59%.

• Get an in-depth perspective on Compagnie Générale des Établissements Michelin Société en commandite par actions' performance by reading our dividend report here.
• In light of our recent valuation report, it seems possible that Compagnie Générale des Établissements Michelin Société en commandite par actions is trading beyond its estimated value.

Next Steps

• Access the full spectrum of 36 Top Euronext Paris Dividend Stocks by clicking on this link.
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Ready To Venture Into Other Investment Styles?

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• Find companies with promising cash flow potential yet trading below their fair value.

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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