Middle Eastern Dividend Stocks To Enhance Your Portfolio
The Middle Eastern stock markets, particularly in Dubai and Abu Dhabi, have shown impressive resilience with indices logging their sixth consecutive week of gains, driven by strategic business agreements and a surge in investor confidence. In such a thriving market environment, dividend stocks can be an attractive option for investors seeking to enhance their portfolios through steady income streams while benefiting from the region's economic momentum.
Name
Dividend Yield
Dividend Rating
FMS Enterprises Migun (TASE:FBRT)
7.19%
★★★★★★
Turkiye Garanti Bankasi (IBSE:GARAN)
3.96%
★★★★★☆
Emaar Properties PJSC (DFM:EMAAR)
7.38%
★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
7.58%
★★★★★☆
Arab National Bank (SASE:1080)
6.09%
★★★★★☆
Saudi Awwal Bank (SASE:1060)
6.01%
★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)
7.75%
★★★★★☆
Saudi National Bank (SASE:1180)
5.80%
★★★★★☆
Saudi Telecom (SASE:7010)
9.98%
★★★★★☆
Delek Group (TASE:DLEKG)
8.35%
★★★★★☆
Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: The National Bank of Ras Al-Khaimah (P.S.C.) offers retail, Islamic, and commercial banking services in the UAE and has a market cap of AED12.97 billion.
Operations: The National Bank of Ras Al-Khaimah (P.S.C.) generates revenue through its Retail Banking segment at AED1.15 billion, Business Banking at AED1.86 billion, and Wholesale Banking at AED1.31 billion.
Dividend Yield: 7.8%
RAKBANK's dividend yield is among the top 25% in the AE market, supported by a low payout ratio of 45.7%, indicating dividends are well covered by earnings. Despite an unstable dividend history, recent approval of a cash dividend increase to AED 1,006 million reflects a commitment to shareholder returns. However, with earnings forecasted to decline and high non-performing loans at 2.2%, investors should remain cautious about long-term sustainability despite current attractive valuations.
Unlock comprehensive insights into our analysis of National Bank of Ras Al-Khaimah (P.S.C.) stock in this dividend report.
Our expertly prepared valuation report National Bank of Ras Al-Khaimah (P.S.C.) implies its share price may be lower than expected.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bank Albilad, with a market cap of SAR40.35 billion, operates in the Kingdom of Saudi Arabia offering a range of banking products and services through its subsidiaries.
Operations: Bank Albilad generates revenue from several segments, including Retail Banking (SAR2.09 billion), Treasury Sector (SAR1.19 billion), Corporate Banking (SAR1.97 billion), and Investment and Brokerage Services Sector (SAR405.54 million).
Dividend Yield: 3.1%
Bank Albilad's dividend payments, while increasing over the past decade, have been volatile and are currently below top-tier yields in the Saudi Arabian market. The bank maintains a low payout ratio of 42.7%, suggesting dividends are well covered by earnings. Recent developments include a USD 650 million Sukuk issuance to bolster financial stability and strategic board changes aimed at enhancing governance. Despite its unstable dividend history, these steps indicate efforts to strengthen financial foundations and shareholder value.
Click to explore a detailed breakdown of our findings in Bank Albilad's dividend report.
According our valuation report, there's an indication that Bank Albilad's share price might be on the expensive side.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Computer Direct Group Ltd. operates in the computing and software sector in Israel, with a market cap of ₪1.45 billion.
Operations: Computer Direct Group Ltd.'s revenue is primarily derived from Infrastructure and Computing (₪1.22 billion), Outsourcing of Business Processes and Technology Support Centers (₪316.01 million), and Technological Solutions and Services, Management Consulting, and Value-Added Services (₪2.49 billion).
Dividend Yield: 9%
Computer Direct Group's dividend yield of 9.02% ranks in the top 25% of Israeli stocks, yet its sustainability is questionable with a payout ratio of 150.1%, indicating dividends are not covered by earnings. Despite this, cash flow coverage remains strong at a 33.8% payout ratio. Earnings have grown significantly, but dividend payments have been volatile over the past decade and lack reliability, as evidenced by inconsistent growth patterns and historical volatility.
Navigate through the intricacies of Computer Direct Group with our comprehensive dividend report here.
According our valuation report, there's an indication that Computer Direct Group's share price might be on the cheaper side.
Discover the full array of 75 Top Middle Eastern Dividend Stocks right here.
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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 ADX:RAKBANK SASE:1140 and TASE:CMDR.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com
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