Middle Eastern Dividend Stocks Featuring Gulf Medical Projects Company (PJSC) And Two More

As Gulf markets navigate mixed performances amid easing U.S.-China trade tensions and tepid earnings, investors are closely watching the impacts on regional indices. In this environment, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking to balance risk with steady returns.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 68 stocks from our Top Middle Eastern Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Gulf Medical Projects Company (PJSC) (ADX:GMPC)

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

Overview: Gulf Medical Projects Company (PJSC) operates hospitals in the United Arab Emirates and has a market cap of AED 1.44 billion.

Operations: Gulf Medical Projects Company (PJSC) generates revenue primarily from Health Services & Others, amounting to AED 711.55 million, and Investments, contributing AED 50.66 million.

Dividend Yield: 7.3%

Gulf Medical Projects Company offers a high dividend yield of 7.28%, placing it among the top 25% in the AE market. However, its dividends are not well covered by earnings, with a payout ratio of 106.2%. Despite recent earnings growth and cash flow coverage at an 84.6% cash payout ratio, dividend payments have been volatile over the past decade. The stock trades significantly below its estimated fair value but has experienced high price volatility recently.

• Take a closer look at Gulf Medical Projects Company (PJSC)'s potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that Gulf Medical Projects Company (PJSC) is priced lower than what may be justified by its financials.

Delek Group (TASE:DLEKG)

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

Overview: Delek Group Ltd. is an energy company involved in the exploration, development, production, and marketing of oil and gas both in Israel and internationally, with a market cap of ₪15.12 billion.

Operations: Delek Group's revenue segments include the development and production of oil and gas assets in the North Sea, generating ₪9.45 billion, and oil and gas exploration and production in Israel and its surroundings, contributing ₪3.36 billion.

Dividend Yield: 6.2%

Delek Group's dividend yield of 6.22% ranks in the top 25% of the IL market, yet its dividends are unreliable and volatile over the past decade. Despite a low cash payout ratio of 26.1%, indicating coverage by cash flows, earnings do not cover dividends due to a high payout ratio of 107.5%. The company's net income has declined despite increased sales, and it faces significant debt levels while trading below estimated fair value.

• Dive into the specifics of Delek Group here with our thorough dividend report.
• Insights from our recent valuation report point to the potential overvaluation of Delek Group shares in the market.

I.D.I. Insurance (TASE:IDIN)

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

Overview: I.D.I. Insurance Company Ltd. offers a range of insurance products and services to both individual and corporate clients in Israel, with a market cap of ₪2.88 billion.

Operations: I.D.I. Insurance Company Ltd. generates its revenue through the provision of diverse insurance products and services to both individual and corporate clients in Israel.

Dividend Yield: 6.7%

I.D.I. Insurance's dividend yield of 6.74% is among the top 25% in the IL market, but its dividends have been volatile and unreliable over the past decade. The low payout ratio of 35.3% suggests earnings cover dividends, yet a high cash payout ratio of 264.1% indicates insufficient cash flow coverage. Despite recent earnings growth—net income rose to ILS 94.62 million for Q2—the dividend sustainability remains questionable due to these financial constraints.

• Get an in-depth perspective on I.D.I. Insurance's performance by reading our dividend report here.
• The valuation report we've compiled suggests that I.D.I. Insurance's current price could be inflated.

Turning Ideas Into Actions

• Investigate our full lineup of 68 Top Middle Eastern Dividend Stocks right here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• 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.

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