Middle Eastern Dividend Stocks Featuring Gulf Medical Projects Company PJSC And Two Others

As Gulf markets experience a retreat due to recent regional interest rate cuts and cautious sentiment surrounding the U.S. Federal Reserve's policy outlook, investors are closely watching dividend stocks for stability and income potential. In this environment, selecting stocks with strong fundamentals and consistent dividend payouts can be an effective strategy for navigating market volatility.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Saudi Awwal Bank (SASE:1060)	6.49%	★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)	7.50%	★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)	6.44%	★★★★★☆
Emirates NBD Bank PJSC (DFM:EMIRATESNBD)	4.03%	★★★★★☆
Emaar Properties PJSC (DFM:EMAAR)	7.17%	★★★★★☆
Delek Group (TASE:DLEKG)	6.89%	★★★★★☆
Computer Direct Group (TASE:CMDR)	8.59%	★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)	5.20%	★★★★★☆
Arab National Bank (SASE:1080)	5.53%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	6.46%	★★★★★☆

Click here to see the full list of 64 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

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 1.48 billion.

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

Dividend Yield: 7.1%

Gulf Medical Projects Company offers a dividend yield of 7.08%, ranking in the top 25% of AE market payers, but its high payout ratio (106.2%) indicates dividends are not well covered by earnings. Despite recent earnings growth, dividends have been unreliable and volatile over the past decade, though they have increased overall. The cash payout ratio (84.6%) suggests coverage by cash flows is adequate, yet sustainability concerns remain due to inconsistent historical payments and high payout ratios.

• Click here to discover the nuances of Gulf Medical Projects Company (PJSC) with our detailed analytical 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.

Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)

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

Overview: Anadolu Hayat Emeklilik Anonim Sirketi offers individual and group insurance, reinsurance, life, retirement, and personal accident services in Turkey with a market cap of TRY38.70 billion.

Operations: Anadolu Hayat Emeklilik Anonim Sirketi's revenue is derived from three main segments: Life insurance at TRY23.42 billion, Retirement services at TRY6.85 billion, and Non-Life insurance at TRY4.71 million.

Dividend Yield: 6.5%

Anadolu Hayat Emeklilik Anonim Sirketi offers a dividend yield of 6.46%, placing it in the top 25% of payers in the Turkish market, with dividends well-covered by earnings (payout ratio: 54.3%) and cash flows (cash payout ratio: 24.4%). However, despite recent earnings growth and increased dividend payments over the past decade, its dividends have been volatile and unreliable historically. The stock's price-to-earnings ratio (8.4x) suggests good value compared to the broader market (24x).

• Click to explore a detailed breakdown of our findings in Anadolu Hayat Emeklilik Anonim Sirketi's dividend report.
• In light of our recent valuation report, it seems possible that Anadolu Hayat Emeklilik Anonim Sirketi is trading beyond its estimated value.

Alinma Bank (SASE:1150)

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

Overview: Alinma Bank offers banking and investment services in the Kingdom of Saudi Arabia, with a market cap of SAR63.55 billion.

Operations: Alinma Bank's revenue is primarily derived from its Retail segment (SAR5.34 billion), followed by Corporate Banking (SAR2.13 billion), Treasury (SAR1.93 billion), and Investment and Brokerage services (SAR1.02 billion).

Dividend Yield: 4.7%

Alinma Bank's dividend yield of 4.72% is below the top 25% in the Saudi Arabian market, yet its payout ratio of 26% indicates strong coverage by earnings. Despite a volatile dividend history with past drops over 20%, dividends have increased over ten years and are forecast to remain covered with a future payout ratio of 48.6%. The bank's recent earnings growth supports this outlook, while its price-to-earnings ratio (11.1x) offers potential value compared to the market average (20.7x).

• Click here and access our complete dividend analysis report to understand the dynamics of Alinma Bank.
• Our valuation report here indicates Alinma Bank may be overvalued.

Taking Advantage

• Delve into our full catalog of 64 Top Middle Eastern Dividend Stocks here.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Want To Explore Some Alternatives?

• 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.

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