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Carrefour Leads Three Key Dividend Stocks On Euronext Paris

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Amidst a backdrop of political shifts and economic adjustments, the French market has shown resilience with the CAC 40 Index climbing significantly. This context sets an intriguing stage for investors looking towards dividend stocks as a potentially stable component in their portfolios.

Top 10 Dividend Stocks In France

Name

Dividend Yield

Dividend Rating

Rubis (ENXTPA:RUI)

7.03%

★★★★★★

Samse (ENXTPA:SAMS)

9.61%

★★★★★★

CBo Territoria (ENXTPA:CBOT)

6.92%

★★★★★★

Métropole Télévision (ENXTPA:MMT)

9.71%

★★★★★☆

Teleperformance (ENXTPA:TEP)

3.56%

★★★★★☆

Arkema (ENXTPA:AKE)

4.33%

★★★★★☆

Sanofi (ENXTPA:SAN)

4.02%

★★★★★☆

VIEL & Cie société anonyme (ENXTPA:VIL)

3.96%

★★★★★☆

Exacompta Clairefontaine (ENXTPA:ALEXA)

4.44%

★★★★★☆

Piscines Desjoyaux (ENXTPA:ALPDX)

8.62%

★★★★★☆

Click here to see the full list of 38 stocks from our Top Euronext Paris Dividend Stocks screener.

We'll examine a selection from our screener results.

Carrefour

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

Overview: Carrefour SA operates a network of food and non-food retail stores across multiple formats and channels in Europe, Latin America, the Middle East, Africa, and Asia, with a market capitalization of approximately €9.56 billion.

Operations: Carrefour SA generates €39.02 billion in revenue from its operations in France, €24.27 billion from Europe (excluding France), and €22.54 billion from Latin America.

Dividend Yield: 6.2%

Carrefour's dividend yield of 6.17% ranks in the top 25% of French dividend payers, supported by a reasonable payout ratio of 66.8% and a cash payout ratio of 21.1%, ensuring dividends are well-covered by both earnings and cash flows. However, the company has experienced volatility in its dividend payments over the past decade and currently trades at a significant discount to estimated fair value (44.2%). Additionally, Carrefour faces challenges with one-off items impacting financial results and a high debt level, alongside modest profit margins which have declined from last year's 1.7% to 1.1%.

ENXTPA:CA Dividend History as at Jul 2024
ENXTPA:CA Dividend History as at Jul 2024

La Française des Jeux Société anonyme

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

Overview: La Française des Jeux Société anonyme operates in the gaming and distribution sector both in France and internationally, with a market capitalization of approximately €6.10 billion.

Operations: La Française des Jeux Société anonyme generates revenue through three primary segments: Lottery, which brings in €1.94 billion, Sport Betting and Online Gaming Open to Competition at €0.52 billion, and Adjacent Activities contributing €0.17 billion.