In This Article:
The Middle Eastern stock markets have recently experienced a downturn, primarily influenced by companies trading ex-dividend, which has impacted indices in Dubai and Abu Dhabi. In light of these market conditions, investors often seek dividend stocks that offer stability and income potential; here are three Middle Eastern dividend stocks yielding up to 6.2% that could be worth considering for those looking to navigate the current economic landscape.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Commercial Bank of Dubai PSC (DFM:CBD) | 6.79% | ★★★★★★ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.49% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.46% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 6.62% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 5.63% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 5.46% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 5.33% | ★★★★★☆ |
| Emirates NBD Bank PJSC (DFM:EMIRATESNBD) | 4.95% | ★★★★★☆ |
| Saudi Telecom (SASE:7010) | 9.26% | ★★★★★☆ |
| Nuh Çimento Sanayi (IBSE:NUHCM) | 3.38% | ★★★★★☆ |
Click here to see the full list of 60 stocks from our Top Middle Eastern Dividend Stocks screener.
We'll examine a selection from our screener results.
Dubai Islamic Bank P.J.S.C
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Dubai Islamic Bank P.J.S.C. operates in corporate, retail, and investment banking both within the United Arab Emirates and internationally, with a market cap of AED51.82 billion.
Operations: Dubai Islamic Bank P.J.S.C.'s revenue segments include Consumer Banking (AED4.38 billion), Corporate Banking (AED3.40 billion), Treasury (AED2.55 billion), and Real Estate Development (AED645 million).
Dividend Yield: 6.3%
Dubai Islamic Bank P.J.S.C. offers a dividend of AED 0.45 per share for 2024, representing a payout close to 50% of net profit. Although the bank's dividends have been volatile over the past decade, they are currently well covered by earnings with a payout ratio of 43.3%. The bank's price-to-earnings ratio is favorable compared to the AE market average, but its dividend yield is slightly below top-tier payers in the region.
Panora Gayrimenkul Yatirim Ortakligi
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Panora Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate investment sector with a market capitalization of TRY5.45 billion.
Operations: Panora Gayrimenkul Yatirim Ortakligi A.S. generates revenue primarily from its REIT - Commercial segment, amounting to TRY758.18 million.