As Middle Eastern markets navigate the complexities of global trade tensions and fluctuating oil prices, investors are keeping a keen eye on regional indices that have shown mixed performances amid these economic challenges. In such a climate, dividend stocks can offer potential stability and income, making them an attractive option for those looking to mitigate market volatility while capitalizing on consistent returns.
Top 10 Dividend Stocks In The Middle East
Name
Dividend Yield
Dividend Rating
Emaar Properties PJSC (DFM:EMAAR)
8.13%
★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)
8.09%
★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
Overview: Saudia Dairy & Foodstuff Company, along with its subsidiaries, engages in the production and distribution of dairy products, beverages, and various foodstuffs across the Kingdom of Saudi Arabia, Poland, and other Gulf and Arab countries, with a market cap of SAR10 billion.
Operations: Saudia Dairy & Foodstuff Company's revenue is comprised of SAR1.64 billion from beverages and SAR1.44 billion from non-beverages.
Dividend Yield: 5.8%
Saudia Dairy & Foodstuff offers a dividend yield of 5.75%, placing it in the top 25% of Saudi Arabian dividend payers, with stable and growing dividends over the past decade. However, its high payout ratios indicate dividends are not well covered by earnings or cash flows. Recent executive changes include Mr. Noor Mohammed Khan joining the Audit Committee, bringing extensive financial expertise which may enhance corporate governance and risk management efforts.
Overview: Keystone REIT Ltd. operates in the asset management and custody banks industry with a market cap of ₪1.29 billion.
Operations: Keystone REIT Ltd. generates revenue from its unclassified services segment, totaling ₪282.19 million.
Dividend Yield: 6.4%
Keystone Infra's dividend yield of 6.38% ranks it among the top 25% in the IL market, with dividends well covered by earnings (38% payout ratio) and cash flows (48.4%). Despite a growing dividend over three years, its track record is unstable and payments have been volatile. Recent earnings showed a decline, with revenue dropping to ILS 282.19 million from ILS 659.36 million, impacting net income significantly year-over-year.
Overview: Palram Industries (1990) Ltd manufactures and sells thermoplastic sheets, panel systems, and finished products in Israel and internationally, with a market cap of ₪1.95 billion.
Operations: Palram Industries (1990) Ltd generates revenue through its production and sale of thermoplastic sheets, panel systems, and finished products both domestically in Israel and on an international scale.
Dividend Yield: 3.1%
Palram Industries has seen a rise in dividend payments over the last decade, supported by a low payout ratio of 37.7%, indicating strong earnings coverage. However, its dividends have been volatile and unreliable historically. Despite a modest dividend yield of 3.09%, below the top tier in the IL market, Palram's recent financial performance is robust with net income increasing to ILS 231.69 million from ILS 164.34 million year-over-year, reflecting solid earnings growth.
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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.
Companies discussed in this article include SASE:2270 TASE:KSTN and TASE:PLRM.
