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The Middle Eastern stock markets have recently experienced a boost, with the UAE indices gaining ground due to potential trade talks between the U.S. and China, lifting market sentiment and contributing to positive investor outlooks. In such a dynamic environment, dividend stocks can offer stability and income potential, making them an attractive option for investors seeking reliable returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Turkiye Garanti Bankasi (IBSE:GARAN) | 4.25% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.46% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.35% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 7.27% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.08% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 6.05% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 6.00% | ★★★★★☆ |
| Delek Group (TASE:DLEKG) | 8.99% | ★★★★★☆ |
| Emirates NBD Bank PJSC (DFM:EMIRATESNBD) | 4.83% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 6.06% | ★★★★★☆ |
Click here to see the full list of 73 stocks from our Top Middle Eastern Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Dana Gas PJSC
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Dana Gas PJSC operates in the exploration, production, and sale of natural gas and petroleum products across the UAE, Iraq, and Egypt with a market cap of AED5.16 billion.
Operations: Dana Gas PJSC generates revenue through its integrated oil and gas operations, amounting to $336 million.
Dividend Yield: 7.5%
Dana Gas PJSC has a mixed dividend profile, with recent approval of a 5.5 fils per share dividend for 2024, amounting to AED 384.75 million. The company maintains good coverage of dividends through earnings and cash flows, with payout ratios of 69.4% and 53.2%, respectively. However, its dividend history is volatile over the past seven years despite being in the top quartile for yield in the AE market at 7.45%.
Mashreqbank PSC
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Mashreqbank PSC offers a range of banking and financial services to individuals and corporates, with a market cap of AED48.15 billion.
Operations: Mashreqbank PSC generates revenue from its diverse banking and financial services offerings tailored to both individual and corporate clients.
Dividend Yield: 8.8%
Mashreqbank PSC offers a high dividend yield of 8.79%, placing it in the top 25% of dividend payers in the AE market. Despite this, its dividend history has been volatile over the past decade, with fluctuations exceeding 20%. The bank's dividends are currently well-covered by earnings with a payout ratio of 48.8%, and future coverage is expected to remain sustainable at around 53.4%. Recent earnings show a decline, impacting net income and EPS compared to last year.