The Middle Eastern stock markets have been experiencing varied performances, with Saudi Arabia's index reaching its lowest level since early April, while other indices like Dubai and Abu Dhabi show modest gains. In such a fluctuating market environment, dividend stocks can offer investors a measure of stability and income through regular payouts, making them an attractive option for those looking to navigate these uncertain times.
Top 10 Dividend Stocks In The Middle East
Name
Dividend Yield
Dividend Rating
FMS Enterprises Migun (TASE:FBRT)
6.79%
★★★★★★
Emaar Properties PJSC (DFM:EMAAR)
7.38%
★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
7.96%
★★★★★☆
Arab National Bank (SASE:1080)
6.18%
★★★★★☆
Saudi Awwal Bank (SASE:1060)
5.98%
★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)
Overview: FMS Enterprises Migun Ltd manufactures and sells ballistic protection raw materials and products globally, with a market cap of ₪1.56 billion.
Operations: FMS Enterprises Migun Ltd generates revenue of $128.07 million from its Aerospace & Defense segment, focusing on the production and distribution of ballistic protection materials and products worldwide.
Dividend Yield: 6.8%
FMS Enterprises Migun offers a compelling dividend profile with a stable and reliable payout history over the past decade. The company's dividends are well-covered by both earnings (payout ratio: 69.1%) and free cash flows (cash payout ratio: 68.4%), indicating sustainability. Recent financial results show robust growth, with net income rising to US$43.38 million in 2024 from US$37.71 million in 2023, supporting continued dividend payments amidst increasing sales figures of US$128.07 million for the year ended December 31, 2024.
Overview: I.B.I. Investment House Ltd. is a publicly owned holding investment firm with approximately NIS 11 billion ($2.63 billion) in assets under management and a market cap of ₪3.67 billion.
Operations: I.B.I. Investment House Ltd.'s revenue segments include Capital Group (₪183.85 million), Self-investments (₪19 million), Issues and Underwriting (₪40.97 million), Service, Trade and Custody (₪317.36 million), Pension and Financial Agencies (₪88.68 million), Alternative Investment Management (₪173.10 million), and Portfolio Management and Mutual Funds (₪244.76 million).
Dividend Yield: 4.3%
I.B.I. Investment House's dividend profile is marked by volatility over the past decade, with payments experiencing significant fluctuations. Despite this, current dividends are covered by earnings and cash flows, evidenced by an 87% payout ratio and a 71.5% cash payout ratio. Recent inclusion in the TA-125 Index highlights its market presence, while earnings growth to ILS 178.14 million for 2024 supports its capacity to maintain dividends despite a lower yield of 4.25%.
Overview: Zanlakol Ltd develops, produces, markets, and sells vegetable products in Israel with a market cap of ₪580.80 million.
Operations: Zanlakol Ltd's revenue is primarily derived from its Tomato Products segment at ₪164.47 million, followed by Vegetable Products at ₪162.36 million, and Dairy Products contributing ₪125.39 million.
Dividend Yield: 3.1%
Zanlakol's dividends have been volatile over the past decade, lacking reliability. However, current dividend payments are well covered by both earnings and cash flows, with payout ratios of 36.4% and 44.9%, respectively. Despite trading below estimated fair value, its dividend yield of 3.07% is lower than top-tier payers in the market. Recent Q1 earnings show improved sales at ILS 126.41 million and net income at ILS 14.25 million, suggesting potential for future stability in payouts.
Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.
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 TASE:FBRT TASE:IBI and TASE:ZNKL.
This article was originally published by Simply Wall St.
