In the midst of mixed performances across Gulf bourses, influenced by ongoing U.S.-China trade talks and regional economic developments, investors are closely watching dividend stocks as a stable income source. With market indices showing varied results, selecting robust dividend-paying stocks can provide a reliable yield in uncertain times.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Saudi Telecom (SASE:7010) | 9.88% | ★★★★★☆ |
| Saudi National Bank (SASE:1180) | 5.71% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 6.21% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.42% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.20% | ★★★★★☆ |
| Emirates NBD Bank PJSC (DFM:EMIRATESNBD) | 4.56% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.43% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 5.87% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 6.22% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 7.72% | ★★★★★☆ |
Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Emirates Telecommunications Group Company PJSC (ADX:EAND)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Emirates Telecommunications Group Company PJSC, operating with its subsidiaries, offers telecommunications services, media, and related equipment both in the United Arab Emirates and internationally, with a market cap of AED153.93 billion.
Operations: Emirates Telecommunications Group Company PJSC generates revenue from several segments: E& UAE (AED33.32 billion), E& Life (AED2.16 billion), E& Enterprise (AED3.03 billion), and E& International (AED23.88 billion).
Dividend Yield: 4.7%
Emirates Telecommunications Group Company PJSC has a reasonable payout ratio of 52.4%, ensuring dividends are supported by earnings and cash flows, with a cash payout ratio of 64.7%. Despite earnings growth of 31.9% last year and revenue forecasted to grow annually by 7.47%, dividend payments have been volatile over the past decade, impacting reliability. Recent Q1 results showed significant income growth, while dividends for FY2024 were set at 83 fils per share, reflecting an increase from prior distributions.
- Delve into the full analysis dividend report here for a deeper understanding of Emirates Telecommunications Group Company PJSC.
- According our valuation report, there's an indication that Emirates Telecommunications Group Company PJSC's share price might be on the cheaper side.
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi (IBSE:INDES)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi distributes IT products in Turkey and has a market cap of TRY4.96 billion.
Operations: The company's revenue segments include Information Technologies and Telecom at TRY64.68 billion, and Logistics and Rental at TRY351.95 million.
Dividend Yield: 5.2%
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi offers a dividend yield of 5.24%, placing it in the top quartile of Turkish dividend payers. Despite only four years of payments, dividends have grown and remain stable, supported by a low payout ratio (30.1%) and cash payout ratio (12.2%). However, recent earnings showed decreased sales (TRY 18.37 billion) and net income (TRY 91.93 million), potentially impacting future distributions' sustainability amidst declining profit margins.
- Click here and access our complete dividend analysis report to understand the dynamics of Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi.
- Our expertly prepared valuation report Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi implies its share price may be lower than expected.
OYAK Çimento Fabrikalari (IBSE:OYAKC)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: OYAK Çimento Fabrikalari A.S., along with its subsidiaries, is involved in the production and sale of clinker and cement in Turkey, with a market capitalization of TRY112.30 billion.
Operations: OYAK Çimento Fabrikalari A.S. generates revenue primarily from its Cement segment, which accounts for TRY15.24 billion, and its Ready-Mixed Concrete segment, contributing TRY15.28 billion.
Dividend Yield: 4.3%
OYAK Çimento Fabrikalari's dividend yield of 4.33% ranks in the top quartile of Turkish dividend payers, yet its payments have been volatile over the past decade. Despite a reasonable payout ratio (69%), dividends are not covered by free cash flows, raising sustainability concerns. Recent earnings show decreased sales (TRY 10.35 billion) and net income (TRY 996.28 million), with profit margins declining to 16.2%, which may impact future distributions' reliability and growth potential amidst non-cash earnings reliance.
- Navigate through the intricacies of OYAK Çimento Fabrikalari with our comprehensive dividend report here.
- According our valuation report, there's an indication that OYAK Çimento Fabrikalari's share price might be on the expensive side.
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 Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi 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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