Simply Wall St
4 min read
As most Gulf stock markets experience gains amid prospects of a U.S. rate cut, investor sentiment across the Middle East has been buoyed by favorable economic forecasts and monetary stability linked to the dollar-pegged currencies. In this environment, dividend stocks can offer a compelling investment opportunity, providing potential income streams while navigating the evolving market dynamics.
|
Name |
Dividend Yield |
Dividend Rating |
|
Turkiye Garanti Bankasi (IBSE:GARAN) |
3.69% |
★★★★★☆ |
|
Saudi Telecom (SASE:7010) |
9.38% |
★★★★★☆ |
|
Saudi Awwal Bank (SASE:1060) |
6.15% |
★★★★★☆ |
|
National General Insurance (P.J.S.C.) (DFM:NGI) |
7.53% |
★★★★★☆ |
|
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) |
6.36% |
★★★★★☆ |
|
Emirates NBD Bank PJSC (DFM:EMIRATESNBD) |
3.88% |
★★★★★☆ |
|
Emaar Properties PJSC (DFM:EMAAR) |
7.14% |
★★★★★☆ |
|
Computer Direct Group (TASE:CMDR) |
8.08% |
★★★★★☆ |
|
Arab National Bank (SASE:1080) |
5.10% |
★★★★★☆ |
|
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
6.25% |
★★★★★☆ |
Click here to see the full list of 69 stocks from our Top Middle Eastern Dividend Stocks screener.
We’re going to check out a few of the best picks from our screener tool.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Çelebi Hava Servisi A.S. offers ground handling, cargo, and warehouse services to both domestic and international airlines as well as private air cargo companies primarily in Turkey, with a market cap of TRY37.86 billion.
Operations: Çelebi Hava Servisi A.S. generates revenue from two main segments: Airport Ground Services, including ground handling services, which contribute TRY14.54 billion, and Cargo and Warehouse Services, which add TRY7.49 billion.
Dividend Yield: 4%
Çelebi Hava Servisi’s dividend yield of 4.04% is among the top 25% in Turkey, with dividends covered by earnings (52.3%) and cash flows (41%). Despite a decade-long increase in payouts, dividends have been volatile, experiencing significant annual drops. Recent financials show revenue growth but declining net income and EPS compared to last year, indicating potential challenges for dividend stability despite strong coverage metrics. The stock trades at a discount to its estimated fair value.
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Dive into the specifics of Çelebi Hava Servisi here with our thorough dividend report.
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Our valuation report here indicates Çelebi Hava Servisi may be undervalued.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: OYAK Çimento Fabrikalari A.S., along with its subsidiaries, is involved in the production and sale of clinker and cement in Turkey, with a market capitalization of TRY104.82 billion.
