Middle Eastern Dividend Stocks Featuring Akmerkez Gayrimenkul Yatirim Ortakligi And Two More

In recent times, most Gulf markets have experienced declines due to heightened trade war fears, with key indices like Saudi Arabia's and Dubai's showing downward trends. Amid these market fluctuations, dividend stocks remain a focal point for investors seeking steady income streams, as they can offer potential stability and returns even in volatile conditions.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Saudi Telecom (SASE:7010)	4.82%	★★★★★★
Peninsula Group (TASE:PEN)	6.51%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	7.14%	★★★★★☆
Arab National Bank (SASE:1080)	5.99%	★★★★★☆
Delek Group (TASE:DLEKG)	8.58%	★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)	7.35%	★★★★★☆
Riyad Bank (SASE:1010)	6.00%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	5.56%	★★★★★☆
Nuh Çimento Sanayi (IBSE:NUHCM)	3.33%	★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)	6.19%	★★★★★☆

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.

Akmerkez Gayrimenkul Yatirim Ortakligi (IBSE:AKMGY)

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

Overview: Akmerkez Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate sector, primarily focusing on property investment and management, with a market capitalization of TRY8.65 billion.

Operations: Akmerkez Gayrimenkul Yatirim Ortakligi A.S. does not have specified revenue segments in the provided text.

Dividend Yield: 3.3%

Akmerkez Gayrimenkul Yatirim Ortakligi recently announced an annual dividend of TRY 12.64 per share, reflecting its commitment to returning value to shareholders despite a decline in net income to TRY 524.4 million from TRY 716.91 million the previous year. The dividend is well-covered by both earnings and cash flows, with payout ratios of 76.8% and 61.2%, respectively, indicating sustainability. While dividends have been stable and growing, the company has a relatively short history of three years in paying dividends.

• Navigate through the intricacies of Akmerkez Gayrimenkul Yatirim Ortakligi with our comprehensive dividend report here.
• Insights from our recent valuation report point to the potential overvaluation of Akmerkez Gayrimenkul Yatirim Ortakligi shares in the market.

Bogazici Beton Sanayi Ve Ticaret Anonim Sirketi (IBSE:BOBET)

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

Overview: Bogazici Beton Sanayi Ve Ticaret Anonim Sirketi operates in Turkey under the Bosphorus Concrete brand, focusing on the production, manufacturing, and sale of ready-made concrete and aggregates, with a market cap of TRY7.94 billion.

Operations: Bogazici Beton Sanayi Ve Ticaret Anonim Sirketi generates revenue primarily from its cement segment, which accounts for TRY6.76 billion.

Dividend Yield: 3.6%

Bogazici Beton Sanayi Ve Ticaret Anonim Sirketi offers a compelling dividend yield of 3.59%, placing it in the top quartile of Turkish dividend payers. Despite its attractive price-to-earnings ratio of 11.5x, below the market average, its dividends have been volatile with less than a decade-long history and recent unreliability over three years. However, dividends are well-covered by earnings and cash flows with payout ratios at 41.2% and 26.6%, respectively, suggesting underlying sustainability despite historical instability.

• Click here and access our complete dividend analysis report to understand the dynamics of Bogazici Beton Sanayi Ve Ticaret Anonim Sirketi.
• The valuation report we've compiled suggests that Bogazici Beton Sanayi Ve Ticaret Anonim Sirketi's current price could be inflated.

Nuh Çimento Sanayi (IBSE:NUHCM)

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

Overview: Nuh Çimento Sanayi A.S. is a Turkish company that produces and sells cement, clinker, and mineral additives, with a market capitalization of TRY40.18 billion.

Operations: Nuh Çimento Sanayi A.S. generates revenue through the production and sale of cement, clinker, and mineral additives in Turkey.

Dividend Yield: 3.3%

Nuh Çimento Sanayi's dividend yield of 3.33% ranks in the top 25% of Turkish payers, though its track record is marked by volatility and unreliability over the past decade. Despite this, dividends are covered by earnings and cash flows with payout ratios at 80.3% and 72.4%, respectively, indicating potential sustainability. Recent financial results show a decline in both sales (TRY 15.48 billion) and net income (TRY 1.83 billion), possibly impacting future payouts.

• Dive into the specifics of Nuh Çimento Sanayi here with our thorough dividend report.
• Upon reviewing our latest valuation report, Nuh Çimento Sanayi's share price might be too optimistic.

Key Takeaways

• Explore the 60 names from our Top Middle Eastern Dividend Stocks screener here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Searching for a Fresh Perspective?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com