3 Top Euronext Paris Dividend Stocks Yielding Up To 6.9%

Amid a modestly positive week for European markets, where France's CAC 40 Index saw an uptick of 0.63%, investors are keenly observing dividend stocks as potential stabilizers in their portfolios. In the current landscape, where economic indicators and bond yield movements suggest cautious optimism, dividend-yielding stocks could offer both income and relative safety. In this context, understanding the characteristics that contribute to a strong dividend stock is crucial. Factors such as consistent dividend history, robust financial health, and alignment with broader economic conditions become particularly pertinent.

Top 10 Dividend Stocks In France

Name	Dividend Yield	Dividend Rating
Rubis (ENXTPA:RUI)	6.99%	★★★★★★
CBo Territoria (ENXTPA:CBOT)	6.90%	★★★★★★
Métropole Télévision (ENXTPA:MMT)	9.62%	★★★★★☆
Carrefour (ENXTPA:CA)	5.94%	★★★★★☆
Teleperformance (ENXTPA:TEP)	3.60%	★★★★★☆
Arkema (ENXTPA:AKE)	4.12%	★★★★★☆
Sanofi (ENXTPA:SAN)	4.08%	★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)	4.02%	★★★★★☆
Exacompta Clairefontaine (ENXTPA:ALEXA)	4.32%	★★★★★☆
Piscines Desjoyaux (ENXTPA:ALPDX)	8.85%	★★★★★☆

Click here to see the full list of 38 stocks from our Top Euronext Paris Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

CBo Territoria (ENXTPA:CBOT)

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

Overview: CBo Territoria SA is a French company involved in urban planning and development, as well as property development and investment, with a market capitalization of €124.62 million.

Operations: CBo Territoria SA generates revenue primarily from two segments: land sales, which contributed €25.51 million, and property promotion activities, accounting for €58.08 million.

Dividend Yield: 6.9%

CBo Territoria exhibits a strong dividend profile with a 6.9% yield, placing it in the top 25% of French dividend payers. Dividends have shown stability and growth over the past decade, supported by earnings and cash flows with payout ratios at 61% and 25.4%, respectively. Trading at a P/E ratio of 8.8x, below the French market average, it offers relative value though tempered by its high level of debt. The recent board meeting focused on directorial changes rather than financial adjustments.

• Get an in-depth perspective on CBo Territoria's performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of CBo Territoria shares in the market.

Rubis (ENXTPA:RUI)

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

Overview: Rubis operates bulk liquid storage facilities for commercial and industrial customers across Europe, Africa, and the Caribbean, with a market capitalization of approximately €2.95 billion.

Operations: Rubis generates revenue primarily through Energy Distribution, which brought in €6.58 billion, and Renewable Electricity Production, contributing €48.64 million.

Dividend Yield: 7.0%

Rubis offers a compelling 6.99% dividend yield, ranking in the top quartile of French dividend stocks. Its dividends have shown consistency and growth over the past decade, with a stable payout ratio of 57.7% covered by earnings and a cash payout ratio of 73.8%. Despite challenges from the new Global Minimum Tax impacting net income by €20-25 million, Rubis maintains financial stability with its dividends well-supported by both profits and cash flows. The company's P/E ratio stands at 8.3x, below the French market average of 15.6x, enhancing its attractiveness relative to peers.

• Take a closer look at Rubis' potential here in our dividend report.
• Upon reviewing our latest valuation report, Rubis' share price might be too pessimistic.

Oeneo (ENXTPA:SBT)

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

Overview: Oeneo SA is a global company involved in the wine industry, with a market capitalization of approximately €698.66 million.

Operations: Oeneo SA generates its revenue primarily from two segments: Corking, which brought in €211.57 million, and Breeding, contributing €94.17 million.

Dividend Yield: 3.2%

Oeneo's dividend profile is marked by inconsistency, with a history of volatile payments over the past decade. Despite this, both earnings and cash flows currently cover the dividends, with payout ratios of 78.2% and 83.3% respectively. However, its dividend yield at 3.24% falls below the top quartile in France (5.26%). Recent financials show a decline, with sales dropping to €305.73 million and net income to €28.85 million from higher figures last year.

• Click here and access our complete dividend analysis report to understand the dynamics of Oeneo.
• Insights from our recent valuation report point to the potential overvaluation of Oeneo shares in the market.

Summing It All Up

• Gain an insight into the universe of 38 Top Euronext Paris Dividend Stocks by clicking here.
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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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