3 Middle Eastern Dividend Stocks Yielding Up To 6.5%

Yahoo

4 days ago

As Gulf stocks gain momentum on the back of earnings optimism and a stable outlook from the U.S. Federal Reserve, investor enthusiasm is palpable across Middle Eastern markets. In this dynamic environment, dividend stocks stand out as attractive options for those seeking steady income streams amidst broad sector gains and investor confidence.
Top 10 Dividend Stocks In The Middle East
Name
Dividend Yield
Dividend Rating
Saudi Telecom (SASE:7010)
9.93%
★★★★★☆
Saudi National Bank (SASE:1180)
5.41%
★★★★★☆
Saudi Awwal Bank (SASE:1060)
6.21%
★★★★★☆
Riyad Bank (SASE:1010)
6.39%
★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)
6.42%
★★★★★☆
Emirates NBD Bank PJSC (DFM:EMIRATESNBD)
3.70%
★★★★★☆
Emaar Properties PJSC (DFM:EMAAR)
6.47%
★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)
4.86%
★★★★★☆
Arab National Bank (SASE:1080)
6.07%
★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
6.77%
★★★★★☆
Click here to see the full list of 76 stocks from our Top Middle Eastern Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Afyon Çimento Sanayi Türk Anonim Sirketi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Afyon Çimento Sanayi Türk Anonim Sirketi produces and sells cement in Turkey, with a market cap of TRY6.07 billion.
Operations: Afyon Çimento Sanayi Türk Anonim Sirketi generates revenue from its cement production and sales segment, amounting to TRY3.17 billion.
Dividend Yield: 6.6%
Afyon Çimento Sanayi Türk Anonim Sirketi's dividend yield of 6.59% ranks it among the top 25% of Turkish dividend payers, suggesting an attractive option for income-focused investors. Despite only two years of dividend history, payments have been stable and reliably covered by earnings (76.5%) and cash flows (85.8%). However, recent profit margins have decreased to 16%, which may impact future payouts if not addressed. The stock trades slightly below its estimated fair value, offering potential upside.
Unlock comprehensive insights into our analysis of Afyon Çimento Sanayi Türk Anonim Sirketi stock in this dividend report.
Our valuation report unveils the possibility Afyon Çimento Sanayi Türk Anonim Sirketi's shares may be trading at a discount.
Ford Otomotiv Sanayi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Ford Otomotiv Sanayi A.S. is involved in the manufacture, assembly, import, export, and sale of motor vehicles and spare parts primarily in Turkey with a market cap of TRY334.94 billion.
Operations: Ford Otomotiv Sanayi A.S. generates revenue primarily from the manufacturing and sale of motor vehicles, amounting to TRY584.39 billion.
Dividend Yield: 3.3%
Ford Otomotiv Sanayi's dividend yield of 3.28% places it in the top 25% of Turkish dividend payers, though its sustainability is questionable due to a high cash payout ratio (130.4%) and volatile historical payments. Despite a low payout ratio (33.4%) indicating earnings coverage, profit margins have declined to 5.6%. The stock trades at a favorable price-to-earnings ratio of 10.2x compared to the TR market, suggesting relative value despite financial challenges.
Click to explore a detailed breakdown of our findings in Ford Otomotiv Sanayi's dividend report.
Our expertly prepared valuation report Ford Otomotiv Sanayi implies its share price may be lower than expected.
Riyad Bank
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Riyad Bank offers banking and investment services in the Kingdom of Saudi Arabia, with a market cap of SAR83.86 billion.
Operations: Riyad Bank generates revenue through various segments, including corporate banking, retail banking, treasury operations, and investment services.
Dividend Yield: 6.4%
Riyad Bank's dividend yield of 6.39% ranks it among the top 25% of dividend payers in Saudi Arabia, supported by a low payout ratio of 28.1%, indicating strong earnings coverage. Recent dividends have been volatile, with past fluctuations over 20%. However, the bank announced a SAR 2.54 billion cash distribution for H1 2025, payable August 17. Trading at an attractive P/E ratio of 8.7x versus the SA market's average suggests good relative value despite its unstable dividend history.
Dive into the specifics of Riyad Bank here with our thorough dividend report.
In light of our recent valuation report, it seems possible that Riyad Bank is trading behind its estimated value.
Summing It All Up
Click through to start exploring the rest of the 73 Top Middle Eastern Dividend Stocks now.
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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 IBSE:AFYON IBSE:FROTO and SASE:1010.
This article was originally published by Simply Wall St.
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