As tensions in the Middle East escalate, European markets, including France's CAC 40 Index, have experienced notable declines, reflecting investor caution amid geopolitical uncertainties. Against this backdrop of volatility and potential interest rate adjustments by the ECB, dividend stocks on Euronext Paris offer a compelling opportunity for investors seeking steady income streams and resilience in turbulent times.
Top 10 Dividend Stocks In France
Name
Dividend Yield
Dividend Rating
Vicat (ENXTPA:VCT)
5.57%
★★★★★★
Rubis (ENXTPA:RUI)
7.84%
★★★★★★
Électricite de Strasbourg Société Anonyme (ENXTPA:ELEC)
8.00%
★★★★★☆
Arkema (ENXTPA:AKE)
4.07%
★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)
3.72%
★★★★★☆
Samse (ENXTPA:SAMS)
6.85%
★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)
Overview: Société Marseillaise du Tunnel Prado Carénage constructs and operates tunnels in France, with a market cap of €165.79 million.
Operations: Société Marseillaise du Tunnel Prado Carénage generates revenue primarily from its Transportation Infrastructure segment, amounting to €38.12 million.
Dividend Yield: 7.4%
Société Marseillaise du Tunnel Prado Carénage offers a high dividend yield of 7.39%, placing it among the top 25% of French dividend payers. However, its dividends are not well covered by earnings, with a payout ratio of 123.7%. Cash flows cover the dividends more reasonably at a cash payout ratio of 74.6%. The company's dividend history is marked by volatility and unreliability over the past decade, despite some growth in payments during this period. Recent earnings show a decline in net income to €4.65 million for H1 2024 from €6.68 million last year, which may impact future dividend sustainability.
Overview: Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative offers a range of banking products and services to diverse client groups in France, with a market cap of €903.80 million.
Operations: The company's revenue segments include providing banking products and services to individuals, professionals, associations, farmers, businesses, private banking customers, and public and social housing community clients in France.
Dividend Yield: 6%
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative offers a high dividend yield of 6%, ranking in the top 25% of French dividend payers. Its dividends are well-covered by earnings, with a low payout ratio of 29.8%. The company has maintained stable and reliable dividend payments over the past decade, supported by consistent earnings growth of 4.2% annually over five years. Recent earnings show an increase in net income to €114.91 million for H1 2024 from €108.47 million last year.
Overview: Infotel SA designs, develops, markets, and maintains software solutions focused on security, performance, and management globally with a market cap of €300.11 million.
Operations: Infotel SA generates revenue primarily from its Services segment, accounting for €286.69 million, and its Software segment, contributing €11.53 million.
Dividend Yield: 4.6%
Infotel's dividend yield of 4.62% is below the top tier in France, and its dividend payments have been volatile over the past decade despite modest growth. The company's recent earnings report showed a decline in net income to €7.97 million for H1 2024 from €9.5 million last year, impacting its payout sustainability. However, dividends are covered by earnings with an 83.3% payout ratio and well-supported by cash flows at a 40.6% cash payout ratio, trading below estimated fair value by nearly 29%.
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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:ALTPC ENXTPA:CRLA and ENXTPA:INF.