Top European Dividend Stocks For October 2025

As the European market navigates a mixed landscape, with the pan-European STOXX Europe 600 Index inching higher amid dovish signals from the U.S. Federal Reserve and easing U.S.-China trade tensions, investors are keenly eyeing dividend stocks for their potential to provide steady income. In this environment, selecting strong dividend stocks involves looking for companies with solid financial health and consistent payout histories, which can offer stability amidst economic fluctuations.

Top 10 Dividend Stocks In Europe

Name	Dividend Yield	Dividend Rating
Zurich Insurance Group (SWX:ZURN)	4.34%	★★★★★★
Telekom Austria (WBAG:TKA)	4.33%	★★★★★☆
Sulzer (SWX:SUN)	3.20%	★★★★★☆
Scandinavian Tobacco Group (CPSE:STG)	9.78%	★★★★★★
Holcim (SWX:HOLN)	4.56%	★★★★★★
HEXPOL (OM:HPOL B)	5.10%	★★★★★★
freenet (XTRA:FNTN)	6.75%	★★★★★☆
DKSH Holding (SWX:DKSH)	4.14%	★★★★★★
Cembra Money Bank (SWX:CMBN)	4.66%	★★★★★★
CaixaBank (BME:CABK)	6.55%	★★★★★☆

Click here to see the full list of 220 stocks from our Top European Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Repsol (BME:REP)

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

Overview: Repsol, S.A. is a multi-energy company operating in Spain, Peru, the United States, Portugal, and internationally with a market cap of €17.25 billion.

Operations: Repsol, S.A.'s revenue is primarily derived from its Industrial segment at €41.94 billion, followed by Customer at €25.99 billion, Upstream at €4.82 billion, and Low Carbon Generation at €827 million.

Dividend Yield: 6.4%

Repsol's dividend payments have been volatile over the past decade, yet they remain covered by both earnings (payout ratio of 86.5%) and cash flows (cash payout ratio of 72.6%). The dividend yield is competitive within Spain's top quartile. Recent strategic moves include an agreement with Norwegian Cruise Line to supply renewable marine fuels, aligning with Repsol’s focus on sustainable energy solutions and potentially enhancing future profitability through environmental initiatives.

• Click to explore a detailed breakdown of our findings in Repsol's dividend report.
• Our valuation report unveils the possibility Repsol's shares may be trading at a premium.

Equinor (OB:EQNR)

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

Overview: Equinor ASA is an energy company involved in the exploration, production, transportation, refining, and marketing of petroleum and other energy forms both in Norway and internationally, with a market cap of NOK624.21 billion.

Operations: Equinor's revenue is primarily derived from its Marketing, Midstream & Processing segment at $105.57 billion, followed by Exploration & Production Norway at $35.05 billion, Exploration & Production International (excluding the USA) at $5.83 billion, and Exploration & Production USA at $4.14 billion, with Renewables contributing $101 million.

Dividend Yield: 5.9%

Equinor has a history of volatile and unreliable dividend payments over the past decade, though they are currently well covered by earnings and cash flows with payout ratios of 48.1% and 49.1%, respectively. The dividend yield is lower than Norway's top quartile, but recent developments like the Smackover Lithium JV in Texas could bolster future prospects. A cash dividend of US$0.37 per share was announced for Q1 2025, highlighting ongoing shareholder returns despite historical instability.

• Click here to discover the nuances of Equinor with our detailed analytical dividend report.
• According our valuation report, there's an indication that Equinor's share price might be on the cheaper side.

Billerud (OM:BILL)

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

Overview: Billerud AB (publ) operates globally, providing paper and packaging materials, with a market capitalization of SEK22.58 billion.

Operations: Billerud AB (publ) generates revenue through its global provision of paper and packaging materials.

Dividend Yield: 3.9%

Billerud's recent earnings report shows a net loss for Q3 2025, contrasting with previous profits, highlighting some financial instability. Despite trading at a good value and having dividends covered by earnings and cash flows, its dividend yield is below Sweden's top quartile. The company's dividend history is marked by volatility, yet payments have grown over the past decade. While the payout ratios are sustainable at 47.3% and 49.3%, the overall track record remains unstable.

• Unlock comprehensive insights into our analysis of Billerud stock in this dividend report.
• Our valuation report here indicates Billerud may be undervalued.

Seize The Opportunity

• Delve into our full catalog of 220 Top European Dividend Stocks 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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