As European markets face renewed fears of a global economic slowdown, France's CAC 40 Index has not been immune, experiencing a notable drop. Amid this uncertainty, dividend stocks can offer some stability and income potential for investors. When evaluating good dividend stocks in the current market conditions, it's crucial to consider companies with strong fundamentals and consistent payout histories.

Top 10 Dividend Stocks In France

Click here to see the full list of 36 stocks from our Top Euronext Paris Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Amundi

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Amundi is a publicly owned investment manager with a market cap of approximately €13.46 billion, specializing in asset management services.

Operations: Amundi generates its revenue primarily from asset management services, amounting to approximately €6.09 billion.

Dividend Yield: 6.2%

Amundi S.A. reported strong earnings for the second quarter of 2024, with revenue at €887 million and net income at €333 million, showing growth compared to the previous year. The company's dividend yield is in the top 25% of French market payers. Dividends are well-covered by both earnings (payout ratio: 69.3%) and cash flows (cash payout ratio: 56%). However, Amundi's dividend history is relatively short and has been volatile over its nine-year period.

• Navigate through the intricacies of Amundi with our comprehensive dividend report here.

• Insights from our recent valuation report point to the potential undervaluation of Amundi shares in the market.

Publicis Groupe

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Publicis Groupe S.A. offers marketing, communications, and digital business transformation services across various regions including North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East with a market cap of €23.79 billion.

Operations: Publicis Groupe S.A. generated €15.35 billion in revenue from its Advertising and Communication Services segment.

Dividend Yield: 3.6%

Publicis Groupe's dividend payments are covered by earnings (payout ratio: 54.7%) and cash flows (cash payout ratio: 64.2%), but they have been volatile over the past decade. Despite a low dividend yield of 3.59%, recent upgrades in revenue guidance and strong H1 2024 earnings (€773 million net income) indicate potential for future stability and growth, supported by a robust model and improved market performance expectations.

• Click to explore a detailed breakdown of our findings in Publicis Groupe's dividend report.

• Upon reviewing our latest valuation report, Publicis Groupe's share price might be too pessimistic.

Rexel

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Rexel S.A., with a market cap of €6.62 billion, distributes low and ultra-low voltage electrical products and services for residential, commercial, and industrial markets across France, Europe, North America, and Asia-Pacific.

Operations: Rexel S.A. generates €19.02 billion in revenue from its wholesale electronics segment, serving residential, commercial, and industrial markets across various regions including France, Europe, North America, and Asia-Pacific.

Dividend Yield: 5.4%

Rexel's dividend payments are covered by earnings (payout ratio: 51.6%) and cash flows (cash payout ratio: 39.8%), though they have been volatile over the past decade. Despite a lower yield of 5.4% compared to top French dividend payers, Rexel trades at good value, 8.2% below its estimated fair value. Recent H1 2024 results showed a decline in net income to €351.9 million, with ongoing M&A strategies indicating disciplined growth potential despite competitive pressures.

• Get an in-depth perspective on Rexel's performance by reading our dividend report here.

• Our valuation report unveils the possibility Rexel's shares may be trading at a discount.

Next Steps

• Delve into our full catalog of 36 Top Euronext Paris Dividend Stocks here.

• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.

• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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 ENXTPA:AMUN ENXTPA:PUB and ENXTPA:RXL.

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