As global markets experience volatility and mixed economic signals, the French CAC 40 Index has shown resilience with a modest gain. In this uncertain environment, dividend stocks can offer a measure of stability and income for investors. When evaluating dividend stocks, it's important to consider factors such as yield, payout ratio, and the company's financial health. Given current market conditions, these attributes can help identify robust investment opportunities in France's stock market.
Top 10 Dividend Stocks In France
Name
Dividend Yield
Dividend Rating
Vicat (ENXTPA:VCT)
6.60%
★★★★★★
Rubis (ENXTPA:RUI)
7.12%
★★★★★★
CBo Territoria (ENXTPA:CBOT)
6.86%
★★★★★★
Samse (ENXTPA:SAMS)
6.08%
★★★★★☆
Arkema (ENXTPA:AKE)
4.42%
★★★★★☆
VIEL & Cie société anonyme (ENXTPA:VIL)
4.02%
★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)
Overview: Exacompta Clairefontaine S.A. produces, finishes, and formats papers in France, Europe, and internationally, with a market cap of €170.85 million.
Operations: Exacompta Clairefontaine S.A. generates revenue through two main segments: Paper (€368.58 million) and Processing (€613.23 million).
Dividend Yield: 4.4%
Exacompta Clairefontaine offers a reliable dividend with a 4.44% yield, though it falls short compared to the top 25% of French dividend payers. The company's dividends are well-covered by earnings (17.6% payout ratio) and free cash flow (10.3%). Earnings grew by 59.4% over the past year, supporting sustainable payouts. Dividends have been stable and growing over the past decade, but the stock has shown high price volatility recently.
Overview: Trigano S.A., with a market cap of €2.03 billion, designs, manufactures, markets, and sells leisure vehicles for individuals and professionals in Europe.
Operations: Trigano S.A.'s revenue segments consist of €3.59 billion from Leisure Vehicles and €188.90 million from Leisure Equipment.
Dividend Yield: 3.3%
Trigano reported a strong half-year performance with sales of €1.91 billion and net income of €180.4 million, reflecting significant growth from the previous year. Despite this, its dividend yield of 3.34% is below the top tier in France and not well covered by free cash flow due to a high cash payout ratio (8451.5%). While dividends have been stable and growing over the past decade, they are not well-supported by current earnings or cash flows, raising sustainability concerns.
Overview: Vicat S.A., with a market cap of €1.35 billion, operates in the construction industry through the production and sale of cement, ready-mixed concrete, and aggregates.
Operations: Vicat S.A. generates revenue from the following segments: Cement (€2.52 billion) and Concrete & Aggregates (€1.55 billion).
Dividend Yield: 6.6%
Vicat's dividend payments have been stable and growing over the past 10 years, with a current yield of 6.6%, placing it in the top 25% of French dividend payers. The dividends are well covered by earnings (payout ratio: 33.4%) and cash flows (cash payout ratio: 45.7%). Recent earnings results for H1 2024 showed net income rising to €103.54 million from €94.05 million, supporting its reliable dividend history and attractive valuation at 69.9% below estimated fair value.
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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:ALEXA ENXTPA:TRI and ENXTPA:VCT.
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