As Gulf markets experience a dip amid investor caution surrounding global economic events like Nvidia's earnings and U.S. jobs data, the region's financial landscape remains influenced by fluctuating oil prices and broader market sentiment. In such an environment, dividend stocks can offer a measure of stability and potential income, making them an attractive consideration for investors navigating these uncertain times.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) | 5.13% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 6.39% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.73% | ★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) | 7.76% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 6.46% | ★★★★★☆ |
| Göltas Göller Bölgesi Cimento Sanayi ve Ticaret (IBSE:GOLTS) | 3.49% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.58% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 5.56% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 5.88% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 5.93% | ★★★★★☆ |
Click here to see the full list of 60 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Turkiye Garanti Bankasi (IBSE:GARAN)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Turkiye Garanti Bankasi A.S. offers a range of banking products and services in Turkey with a market cap of TRY556.92 billion.
Operations: Turkiye Garanti Bankasi A.S. generates revenue from several segments including Retail Banking at TRY208.71 billion, Corporate Banking at TRY188.84 billion, and Investment Banking with a negative contribution of TRY186.27 billion.
Dividend Yield: 3.3%
Turkiye Garanti Bankasi offers a compelling dividend profile with its dividends well-covered by earnings, evidenced by a low payout ratio of 17%. Despite this, the bank's dividend payments have been volatile over the past decade. Recent earnings reports show robust growth in net income and interest income, which could support future dividends. However, investors should be cautious of its high level of bad loans at 2.8%, potentially impacting financial stability and dividend reliability.
- Click here and access our complete dividend analysis report to understand the dynamics of Turkiye Garanti Bankasi.
- Our valuation report unveils the possibility Turkiye Garanti Bankasi's shares may be trading at a discount.
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 is a distributor of IT products in Turkey with a market cap of TRY5.61 billion.
Operations: Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi generates its revenue through the distribution of information technology products across Turkey.
Dividend Yield: 4.6%
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi presents a solid dividend profile, with payments well-covered by earnings and cash flows, reflected in low payout ratios of 26.1% and 11.7%, respectively. Despite only four years of dividend history, growth has been consistent and stable. However, recent financial results show declining net income despite increased sales, which may affect future dividends if the trend continues. The stock's dividend yield is among the top in the Turkish market at 4.63%.
- Get an in-depth perspective on Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi's performance by reading our dividend report here.
- Upon reviewing our latest valuation report, Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi's share price might be too pessimistic.
Turkcell Iletisim Hizmetleri (IBSE:TCELL)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Turkcell Iletisim Hizmetleri A.S., along with its subsidiaries, offers converged telecommunication and technology services in Turkey, Belarus, the Turkish Republic of Northern Cyprus, and the Netherlands, with a market cap of TRY206.20 billion.
Operations: Turkcell Iletisim Hizmetleri generates revenue from segments including Turkcell Turkey at TRY159.86 billion and Techfin at TRY10.54 billion.
Dividend Yield: 3.8%
Turkcell Iletisim Hizmetleri's dividends are well-covered by cash flows, with a cash payout ratio of 25.9%, and earnings, with a payout ratio of 57.2%. The company's dividend yield is among the top in the Turkish market at 3.84%. However, its dividend history has been volatile over the past decade. Recent strategic partnerships and investments in digital infrastructure may bolster future revenue streams, although current profit margins have decreased from last year.
- Click here to discover the nuances of Turkcell Iletisim Hizmetleri with our detailed analytical dividend report.
- Insights from our recent valuation report point to the potential undervaluation of Turkcell Iletisim Hizmetleri shares in the market.
Taking Advantage
- Click this link to deep-dive into the 60 companies within our Top Middle Eastern Dividend Stocks screener.
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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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