Stock Analysis

3 Euronext Paris Dividend Stocks Yielding Up To 7.2%

ENXTPA:MLCFM
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The French stock market has seen a notable rise, with the CAC 40 Index climbing 3.89% recently, buoyed by hopes for interest rate cuts and positive sentiment from China’s new stimulus measures. In this favorable environment, dividend stocks in France offer an attractive opportunity for investors seeking steady income and potential capital appreciation. When considering dividend stocks, it's essential to look for companies with strong fundamentals and reliable payout histories, especially in the current climate of economic optimism.

Top 10 Dividend Stocks In France

NameDividend YieldDividend Rating
Vicat (ENXTPA:VCT)5.63%★★★★★★
Rubis (ENXTPA:RUI)8.12%★★★★★★
Électricite de Strasbourg Société Anonyme (ENXTPA:ELEC)8.04%★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)5.81%★★★★★☆
Arkema (ENXTPA:AKE)3.97%★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)3.69%★★★★★☆
Exacompta Clairefontaine (ENXTPA:ALEXA)4.72%★★★★★☆
Samse (ENXTPA:SAMS)6.33%★★★★★☆
Piscines Desjoyaux (ENXTPA:ALPDX)7.75%★★★★★☆
Infotel (ENXTPA:INF)4.66%★★★★☆☆

Click here to see the full list of 32 stocks from our Top Euronext Paris Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

CFM Indosuez Wealth Management (ENXTPA:MLCFM)

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

Overview: CFM Indosuez Wealth Management SA, with a market cap of €630.30 million, provides banking and financial solutions to private investors, businesses, institutions, and professionals in Monaco and internationally through its subsidiaries.

Operations: CFM Indosuez Wealth Management SA generates €196.38 million in revenue from its Wealth Management segment.

Dividend Yield: 7.3%

CFM Indosuez Wealth Management's dividend payments have increased over the past decade, but they have been volatile with annual drops exceeding 20%. Despite a reasonable payout ratio of 70.8%, there is insufficient data to confirm long-term sustainability. The current dividend yield of 7.27% places it in the top 25% of French dividend payers, and its price-to-earnings ratio of 10.4x is below the market average, suggesting good value. Earnings grew by 40.1% last year, but the company's allowance for bad loans remains low at 34%.

ENXTPA:MLCFM Dividend History as at Sep 2024
ENXTPA:MLCFM Dividend History as at Sep 2024

Colas (ENXTPA:RE)

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

Overview: Colas SA constructs and maintains transport infrastructure worldwide, with a market cap of €5.71 billion.

Operations: Colas SA's revenue segments include Canada Routes (€2.38 billion), Roads Asia-Pacific (€471 million), Roads United States (€2.24 billion), Railways and Other Activities (€1.38 billion), Roads France-Overseas France/IO (€5.97 billion), and Roads EMEA (Europe-Middle East-Africa) (€3.36 billion).

Dividend Yield: 4.2%

Colas' dividends are covered by both earnings (81.3% payout ratio) and cash flows (58.9% cash payout ratio), indicating reasonable sustainability. However, the dividend yield of 4.2% is lower than the top 25% of French dividend payers, and its high debt level raises concerns about financial stability. Although earnings grew by 22.8% last year, Colas has a history of volatile dividend payments over the past decade, making reliability an issue for investors seeking consistent income.

ENXTPA:RE Dividend History as at Sep 2024
ENXTPA:RE Dividend History as at Sep 2024

VIEL & Cie société anonyme (ENXTPA:VIL)

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

Overview: VIEL & Cie, société anonyme, is an investment company offering interdealer broking, online trading, and private banking services across Europe, the Middle East, Africa, the Americas, and the Asia-Pacific region with a market cap of €683.29 million.

Operations: VIEL & Cie société anonyme generates its revenue from professional intermediation (€1.05 billion), stock exchange online activities (€71.02 million), and contributions from holdings (€3.63 million).

Dividend Yield: 3.7%

VIEL & Cie société anonyme's dividend payments have been stable and growing over the past 10 years, supported by a low payout ratio of 22.4% and a cash payout ratio of 22.1%, indicating strong coverage by both earnings and cash flows. The company's recent earnings report showed significant growth with revenue at €598.8 million and net income at €65.4 million for the half year ended June 30, 2024. However, its dividend yield of 3.69% is lower than the top quartile in France (5.46%).

ENXTPA:VIL Dividend History as at Sep 2024
ENXTPA:VIL Dividend History as at Sep 2024

Summing It All Up

  • Click this link to deep-dive into the 32 companies within our Top Euronext Paris Dividend Stocks screener.
  • Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
  • Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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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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