Middle Eastern Dividend Stocks For Reliable Income

As Gulf bourses rebound in line with global shares, the Middle Eastern markets are showing signs of recovery following recent volatility influenced by international trade tensions. In this environment, dividend stocks can offer a reliable source of income, providing investors with steady returns amidst fluctuating market conditions.

Top 10 Dividend Stocks In The Middle East

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.

Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi (IBSE:AVPGY)

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

Overview: Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi operates in real estate development, leasing, and business administration in Turkey with a market cap of TRY22.78 billion.

Operations: Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi generates revenue through land sales (TRY4.09 billion), residential and office projects (TRY1.49 billion), and rental offices and shopping centers (TRY1.87 billion).

Dividend Yield: 3.7%

Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi's dividend payments are well supported by its financials, with a cash payout ratio of 17.6% and an earnings payout ratio of 20.4%. Despite being new to dividend distribution, its yield is competitive within the Turkish market at 3.69%. Recent earnings growth is strong, with net income reaching TRY 7.38 billion for the year ending December 31, 2024, up from TRY 4.71 billion previously.

• Delve into the full analysis dividend report here for a deeper understanding of Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi.
• Insights from our recent valuation report point to the potential undervaluation of Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi shares in the market.

Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret (IBSE:BRISA)

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

Overview: Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. operates in the tire manufacturing industry and has a market capitalization of TRY26.18 billion.

Operations: Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. generates revenue of TRY34.55 billion from its vehicle tires segment.

Dividend Yield: 4%

Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret's dividend yield of 3.96% ranks in the top 25% of Turkish market payers, but its sustainability is questionable due to a high cash payout ratio of 332.2%. The company's net income fell significantly to TRY 1.52 billion from TRY 5.75 billion, impacting dividend reliability and stability over the past decade. Despite a low payout ratio suggesting earnings coverage, volatile dividends and decreased profit margins raise concerns for investors seeking consistent returns.

• Click here to discover the nuances of Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret with our detailed analytical dividend report.
• Our expertly prepared valuation report Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret implies its share price may be lower than expected.

Al Rajhi REIT Fund (SASE:4340)

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

Overview: Al Rajhi REIT Fund is a Sharia-compliant investment fund listed on Tadawul, focusing on generating periodic income through investments in income-generating real estate assets in Saudi Arabia, with a market cap of SAR2.26 billion.

Operations: The Al Rajhi REIT Fund generates revenue primarily from its commercial real estate segment, amounting to SAR1.51 billion.

Dividend Yield: 6.6%

Al Rajhi REIT Fund's dividend yield of 6.64% places it among the top 25% in the Saudi Arabian market, supported by a low payout ratio of 0.6%, indicating strong earnings coverage. However, its dividends have been unreliable and volatile over the past six years, with payments declining despite a significant earnings increase to SAR 1.42 billion from SAR 973.01 million year-on-year. While cash flow coverage is reasonable at a cash payout ratio of 25.8%, investors should consider its unstable dividend history when evaluating potential returns.

• Take a closer look at Al Rajhi REIT Fund's potential here in our dividend report.
• Our valuation report here indicates Al Rajhi REIT Fund may be undervalued.

Seize The Opportunity

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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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