3 Middle Eastern Dividend Stocks Yielding Up To 4.5%

The Middle Eastern stock markets have recently shown signs of resilience, with Saudi Arabia's bourse snapping a three-day losing streak following a rebound in oil prices, which play a pivotal role in the region's financial dynamics. In this context, dividend stocks can offer investors potential stability and income, making them an attractive option amidst fluctuating market conditions.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Peninsula Group (TASE:PEN)	6.58%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	7.30%	★★★★★☆
Arab National Bank (SASE:1080)	5.97%	★★★★★☆
Delek Group (TASE:DLEKG)	8.66%	★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)	7.36%	★★★★★☆
Saudi National Bank (SASE:1180)	5.77%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	5.62%	★★★★★☆
Saudi Telecom (SASE:7010)	9.57%	★★★★★☆
Nuh Çimento Sanayi (IBSE:NUHCM)	3.06%	★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)	6.35%	★★★★★☆

Click here to see the full list of 60 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Dubai Refreshment (P.J.S.C.) (DFM:DRC)

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

Overview: Dubai Refreshment (P.J.S.C.) is involved in bottling and selling Pepsi Cola International products in the United Arab Emirates and internationally, with a market cap of AED1.97 billion.

Operations: The company's revenue primarily comes from the canning, bottling, distribution, and trading of soft drinks and related beverage products, amounting to AED817.99 million.

Dividend Yield: 4.6%

Dubai Refreshment (P.J.S.C.) trades at 43.3% below its estimated fair value, offering potential value for investors. Despite a reasonable payout ratio of 69.4%, the dividend yield of 4.57% is low compared to the top quartile in the AE market. While dividends are covered by earnings and cash flows, their reliability has been inconsistent over the past decade, with volatility noted despite recent growth. Recent financials show declining profit margins and net income year-over-year.

• Unlock comprehensive insights into our analysis of Dubai Refreshment (P.J.S.C.) stock in this dividend report.
• Our valuation report here indicates Dubai Refreshment (P.J.S.C.) may be undervalued.

Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi (IBSE:AKCNS)

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

Overview: Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi, with a market cap of TRY33.50 billion, manufactures and sells cement, clinker, ready-mix concrete, and aggregates in Turkey and internationally through its subsidiaries.

Operations: Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi generates revenue primarily from its cement segment, which accounts for TRY12.35 billion, and its ready-mix concrete segment, contributing TRY7.36 billion.

Dividend Yield: 3.4%

Akçansa Çimento's dividend yield of 3.43% ranks in the top 25% of the Turkish market, but its sustainability is questionable due to a high payout ratio of 105.3%, indicating dividends are not well covered by earnings. Despite a low cash payout ratio of 46.4%, past dividend volatility and recent profit margin decline from 12.7% to 7.7% raise concerns about reliability, although dividends have increased over the past decade with a recent announcement for TRY 6.2681 per share payable in March 2025.

• Get an in-depth perspective on Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi's performance by reading our dividend report here.
• Our comprehensive valuation report raises the possibility that Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi is priced higher than what may be justified by its financials.

Aksa Akrilik Kimya Sanayii (IBSE:AKSA)

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

Overview: Aksa Akrilik Kimya Sanayii A.S. is a company that, along with its subsidiaries, produces and distributes textiles, chemicals, and various industrial products both in Turkey and globally, with a market cap of TRY51.86 billion.

Operations: Aksa Akrilik Kimya Sanayii A.S. generates revenue through its diverse operations in textiles, chemicals, and industrial products across domestic and international markets.

Dividend Yield: 3.1%

Aksa Akrilik Kimya Sanayii's dividend yield of 3.12% places it among the top 25% in Turkey, yet its sustainability is challenged by a lack of free cash flow and a recent decrease to TRY 0.4800 per share. Despite an increase in dividends over the past decade, payments have been volatile and not reliably covered by earnings or cash flows, as evidenced by a reduced profit margin from last year’s 6.9% to 4%.

• Click here to discover the nuances of Aksa Akrilik Kimya Sanayii with our detailed analytical dividend report.
• Our valuation report here indicates Aksa Akrilik Kimya Sanayii may be overvalued.

Where To Now?

• Get an in-depth perspective on all 60 Top Middle Eastern Dividend Stocks by using our screener here.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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.

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