3 Middle Eastern Dividend Stocks To Consider With Up To 7.4% Yield
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In the Middle East, stock markets have been experiencing notable highs, with Dubai's main share index recently reaching record levels due to strategic business agreements and regional economic developments. Amidst this backdrop, dividend stocks can offer investors a potential source of steady income, making them an attractive consideration in today's dynamic market environment.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Turkiye Garanti Bankasi (IBSE:GARAN) | 3.87% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.43% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 7.27% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.27% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.69% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 5.99% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 5.88% | ★★★★★☆ |
| Saudi National Bank (SASE:1180) | 5.63% | ★★★★★☆ |
| Delek Group (TASE:DLEKG) | 8.46% | ★★★★★☆ |
| Emirates NBD Bank PJSC (DFM:EMIRATESNBD) | 4.27% | ★★★★★☆ |
Click here to see the full list of 74 stocks from our Top Middle Eastern Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Emaar Properties PJSC
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Emaar Properties PJSC, along with its subsidiaries, operates in property investment, development, and management both in the United Arab Emirates and internationally, with a market cap of AED118.88 billion.
Operations: Emaar Properties PJSC generates revenue through its segments in Real Estate (AED29.70 billion), Leasing, Retail and Related Activities (AED7.11 billion), and Hospitality (AED2.07 billion).
Dividend Yield: 7.4%
Emaar Properties PJSC offers a compelling dividend yield of 7.43%, placing it in the top quartile of AE market dividend payers. Despite a volatile dividend history, recent earnings growth and a payout ratio of 61.8% indicate dividends are well-covered by earnings and cash flows, with the cash payout ratio at just 29.3%. Trading significantly below fair value estimates suggests potential for capital appreciation alongside income generation, though historical instability in payments warrants cautious optimism.
Naphtha Israel Petroleum
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Naphtha Israel Petroleum Corp. Ltd. operates in the exploration, development, production, and sale of oil and gas in Israel and the United States with a market cap of ₪2.35 billion.
Operations: Naphtha Israel Petroleum Corp. Ltd. generates revenue primarily from its oil and gas operations in Israel, contributing ₪1.77 billion, and from its activities in the USA, adding ₪626 million.