Stock Analysis

Air Liquide And 2 Other Reliable Dividend Stocks On Euronext Paris

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As European markets continue to rally, supported by slowing inflation and positive economic sentiment, investors are increasingly looking for stable opportunities amidst the broader market optimism. In this context, dividend stocks on Euronext Paris offer a compelling choice for those seeking reliable income streams and potential capital appreciation. A good dividend stock typically combines strong financial health with a consistent track record of paying dividends, making it an attractive option in today's market environment.

Top 10 Dividend Stocks In France

NameDividend YieldDividend Rating
Vicat (ENXTPA:VCT)6.61%★★★★★★
Rubis (ENXTPA:RUI)6.98%★★★★★★
CBo Territoria (ENXTPA:CBOT)6.82%★★★★★★
Samse (ENXTPA:SAMS)6.17%★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)3.88%★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)6.08%★★★★★☆
Arkema (ENXTPA:AKE)4.29%★★★★★☆
Exacompta Clairefontaine (ENXTPA:ALEXA)4.69%★★★★★☆
Piscines Desjoyaux (ENXTPA:ALPDX)8.06%★★★★★☆
Rexel (ENXTPA:RXL)5.35%★★★★☆☆

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

Let's dive into some prime choices out of the screener.

Boiron (ENXTPA:BOI)

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

Overview: Boiron SA manufactures and sells homeopathic medicines in France, Europe, North America, and internationally, with a market cap of €558.20 million.

Operations: Boiron SA generates its revenue primarily from the manufacturing and marketing of homeopathic medicines and other healthcare solutions, amounting to €493.25 million.

Dividend Yield: 4.2%

Boiron's dividend yield of 4.2% is lower than the top 25% of French dividend payers. While its dividends have increased over the past decade, they have been volatile and unreliable. The payout ratio stands at a reasonable 65.4%, indicating earnings coverage, and an 85.3% cash payout ratio suggests dividends are covered by cash flows. Boiron trades at a significant discount to its estimated fair value, presenting good relative value compared to peers and industry standards.

ENXTPA:BOI Dividend History as at Sep 2024

Caisse Régionale de Crédit Agricole Mutuel de la Touraine et du Poitou Société Coopérative (ENXTPA:CRTO)

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

Overview: Caisse Régionale de Crédit Agricole Mutuel de La Touraine et du Poitou Société Coopérative offers a range of banking products and services in France and has a market cap of €407.80 million.

Operations: Caisse Régionale de Crédit Agricole Mutuel de La Touraine et du Poitou Société Coopérative generates revenue primarily from its Proximity Bank segment (€253.67 million) and Management for Own Account and Miscellaneous activities (€92.57 million).

Dividend Yield: 4.9%

Caisse Régionale de Crédit Agricole Mutuel de la Touraine et du Poitou Société Coopérative offers a reliable dividend yield of 4.91%, though it falls short compared to the top 25% of French dividend payers. The company has maintained stable and growing dividends over the past decade, supported by a low payout ratio of 17.9%, indicating strong earnings coverage. Additionally, CRTO is trading at a substantial discount to its estimated fair value, enhancing its attractiveness for value-focused investors.

ENXTPA:CRTO Dividend History as at Sep 2024

Électricite de Strasbourg Société Anonyme (ENXTPA:ELEC)

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

Overview: Électricite de Strasbourg Société Anonyme supplies electricity and natural gas to individuals, businesses, and local authorities in France, with a market cap of €763.54 million.

Operations: Électricite de Strasbourg Société Anonyme generates revenue primarily from its Electricity Distributor segment (€288.95 million) and the Production and Distribution of Electricity and Gas segment (€1.40 billion).

Dividend Yield: 8.1%

Électricité de Strasbourg Société Anonyme offers an attractive dividend yield of 8.08%, placing it in the top 25% of French dividend payers. However, its dividends are not covered by free cash flows and have shown volatility over the past decade. Despite a reasonable payout ratio of 66% and a significant earnings growth of 69.9% last year, the sustainability of its high dividend yield remains questionable due to inconsistent historical payments and lack of free cash flow coverage.

ENXTPA:ELEC Dividend History as at Sep 2024

Summing It All Up

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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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