Stock Analysis

3 Dividend Stocks On Euronext Paris Yielding Up To 6.4%

ENXTPA:MLCFM
Source: Shutterstock

As European markets face downward pressure amid expectations of a slower monetary policy easing by the Federal Reserve, France's CAC 40 Index has experienced a decline, reflecting broader economic challenges in the region. Despite this backdrop, dividend stocks on Euronext Paris continue to attract attention for their potential to provide steady income streams; investors often seek these stocks for their ability to offer returns even when market volatility is high.

Top 10 Dividend Stocks In France

NameDividend YieldDividend Rating
Vicat (ENXTPA:VCT)5.84%★★★★★★
Rubis (ENXTPA:RUI)7.98%★★★★★★
Électricite de Strasbourg Société Anonyme (ENXTPA:ELEC)7.96%★★★★★☆
Arkema (ENXTPA:AKE)4.39%★★★★★☆
Samse (ENXTPA:SAMS)6.64%★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)3.70%★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)5.56%★★★★★☆
Exacompta Clairefontaine (ENXTPA:ALEXA)4.69%★★★★★☆
Piscines Desjoyaux (ENXTPA:ALPDX)8.33%★★★★★☆
Eiffage (ENXTPA:FGR)4.73%★★★★☆☆

Click here to see the full list of 33 stocks from our Top Euronext Paris Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Amundi (ENXTPA:AMUN)

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

Overview: Amundi is a publicly owned investment manager with a market cap of approximately €14.40 billion, focusing on providing asset management services.

Operations: Amundi generates revenue primarily from its asset management segment, which amounted to €6.18 billion.

Dividend Yield: 5.8%

Amundi's dividend yield of 5.8% places it in the top 25% of French dividend payers, but its track record is less stable, with volatile payments over the past nine years. Despite this instability, dividends are well-covered by earnings and cash flows, with payout ratios at 69.3% and 59.6%, respectively. The stock trades at a good value compared to peers and below estimated fair value. Recent executive changes may influence future strategy execution.

ENXTPA:AMUN Dividend History as at Oct 2024
ENXTPA:AMUN Dividend History as at Oct 2024

CFM Indosuez Wealth Management (ENXTPA:MLCFM)

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

Overview: CFM Indosuez Wealth Management SA, along with its subsidiaries, provides banking and financial solutions to private investors, businesses, institutions, and professionals both in Monaco and internationally, with a market cap of €716.25 million.

Operations: CFM Indosuez Wealth Management SA generates revenue primarily from its Wealth Management segment, which amounts to €196.38 million.

Dividend Yield: 6.4%

CFM Indosuez Wealth Management offers a dividend yield of 6.4%, ranking in the top 25% among French dividend payers, yet its payments have been volatile over the past decade. Despite this instability, dividends are currently covered by earnings with a payout ratio of 70.8%. The company's price-to-earnings ratio of 11.8x suggests it is attractively valued relative to the broader French market at 14.2x, although future sustainability remains uncertain due to insufficient data on long-term coverage and stability.

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

Oeneo (ENXTPA:SBT)

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

Overview: Oeneo SA operates in the wine industry worldwide with a market cap of €635.27 million.

Operations: Oeneo SA generates revenue from its Corking segment, contributing €211.57 million, and its Breeding segment, contributing €94.17 million.

Dividend Yield: 3.6%

Oeneo's dividend yield of 3.56% is below the top quartile of French dividend payers, with a payout ratio of 78.2% indicating coverage by earnings, though cash flow coverage is slightly tighter at 83.3%. The company has increased dividends over the past decade but has faced volatility, with payments occasionally dropping significantly. Trading at 18.6% below fair value estimates suggests potential for capital appreciation, although the historical instability in dividends may concern some investors seeking reliable income streams.

ENXTPA:SBT Dividend History as at Oct 2024
ENXTPA:SBT Dividend History as at Oct 2024

Key Takeaways

Searching for a Fresh Perspective?

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.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com