The Middle Eastern stock markets have shown mixed performances recently, with Dubai rebounding due to steady oil prices and investor focus on the Federal Reserve's rate path. In this dynamic environment, dividend stocks can offer a reliable income stream, making them an attractive option for investors seeking stability amid market fluctuations.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) | 5.58% | ★★★★★★ |
| Turkiye Garanti Bankasi (IBSE:GARAN) | 3.09% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 6.22% | ★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) | 7.63% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 6.41% | ★★★★★☆ |
| Göltas Göller Bölgesi Cimento Sanayi ve Ticaret (IBSE:GOLTS) | 3.47% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.22% | ★★★★★☆ |
| Computer Direct Group (TASE:CMDR) | 7.34% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 6.12% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 5.46% | ★★★★★☆ |
Click here to see the full list of 60 stocks from our Top Middle Eastern Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Dubai Refreshment (P.J.S.C.) (DFM:DRC)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Dubai Refreshment (P.J.S.C.) operates in the bottling and selling of Pepsi Cola International products both within the United Arab Emirates and internationally, with a market cap of AED1.71 billion.
Operations: The company's revenue is primarily derived from its Soft Drinks & Related Beverage Products segment, amounting to AED869.04 million.
Dividend Yield: 5.3%
Dubai Refreshment (P.J.S.C.) offers a dividend yield of 5.28%, which is below the top quartile in the AE market. Despite earnings growth of 21.7% over the past year and dividends being covered by earnings and cash flows, its dividend history has been unstable with volatility over the last decade. The stock trades at a significant discount to its estimated fair value but suffers from high illiquidity, impacting investor confidence in consistent returns.
- Click to explore a detailed breakdown of our findings in Dubai Refreshment (P.J.S.C.)'s dividend report.
- According our valuation report, there's an indication that Dubai Refreshment (P.J.S.C.)'s share price might be on the cheaper side.
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Anadolu Hayat Emeklilik Anonim Sirketi operates in Turkey, offering private pension and insurance products, with a market capitalization of TRY45.80 billion.
Operations: Anadolu Hayat Emeklilik Anonim Sirketi generates revenue through its Life segment at TRY26.16 billion, Retirement segment at TRY7.40 billion, and Non-Life segment at TRY7.31 million.
Dividend Yield: 5.5%
Anadolu Hayat Emeklilik Anonim Sirketi offers a dividend yield of 5.46%, placing it in the top quartile of Turkish dividend payers. The company's dividends are well-supported by earnings and cash flows, with payout ratios at 40.6% and 21.1%, respectively. Despite strong recent earnings growth, its dividend history is marked by volatility and unreliability over the past decade. The stock's low P/E ratio suggests potential value, though its unstable dividend track record may concern investors seeking consistent income.
- Take a closer look at Anadolu Hayat Emeklilik Anonim Sirketi's potential here in our dividend report.
- According our valuation report, there's an indication that Anadolu Hayat Emeklilik Anonim Sirketi's share price might be on the expensive side.
Yapi ve Kredi Bankasi (IBSE:YKBNK)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Yapi ve Kredi Bankasi A.S., along with its subsidiaries, offers commercial banking and financial products and services both in Turkey and internationally, with a market cap of TRY311.19 billion.
Operations: Yapi ve Kredi Bankasi A.S. generates its revenue from several segments, including Retail Banking (Incl. Private Banking and Wealth Management) at TRY105.87 billion, Treasury, Asset Liability Management and Other at TRY81.41 billion, Commercial and SME Banking at TRY59.01 billion, Corporate Banking at TRY21.58 billion, Other Domestic Operations at TRY17.59 billion, and Other Foreign Operations at TRY6.07 billion.
Dividend Yield: 3.3%
Yapi ve Kredi Bankasi offers a dividend yield of 3.28%, ranking it among the top 25% of Turkish dividend payers. The bank's dividends are well-covered by earnings, with a current payout ratio of 24.5%, and are expected to remain sustainable over the next three years. Despite robust earnings growth, averaging 27.8% annually over five years, its dividend history has been volatile and unreliable, which may deter those seeking stable income sources.
- Get an in-depth perspective on Yapi ve Kredi Bankasi's performance by reading our dividend report here.
- Insights from our recent valuation report point to the potential overvaluation of Yapi ve Kredi Bankasi shares in the market.
Next Steps
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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.
Valuation is complex, but we're here to simplify it.
Discover if Dubai Refreshment (P.J.S.C.) might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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