Exploring Euronext Paris Dividend Stocks In June 2024

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As of June 2024, the French market has shown some volatility with the CAC 40 Index experiencing a decline amid concerns about inflation and European Central Bank policies. This backdrop sets a cautious yet intriguing stage for investors interested in dividend stocks on Euronext Paris, which may offer potential stability and income in uncertain times. In such a market environment, a good dividend stock typically features strong fundamentals including consistent earnings, solid management, and the ability to sustain dividends even when economic conditions are challenging.

Top 10 Dividend Stocks In France

Name

Dividend Yield

Dividend Rating

Rubis (ENXTPA:RUI)

5.98%

★★★★★★

Samse (ENXTPA:SAMS)

8.40%

★★★★★★

CBo Territoria (ENXTPA:CBOT)

6.32%

★★★★★★

Fleury Michon (ENXTPA:ALFLE)

5.31%

★★★★★☆

Métropole Télévision (ENXTPA:MMT)

9.10%

★★★★★☆

VIEL & Cie société anonyme (ENXTPA:VIL)

3.85%

★★★★★☆

Sanofi (ENXTPA:SAN)

4.13%

★★★★★☆

Arkema (ENXTPA:AKE)

3.87%

★★★★★☆

Exacompta Clairefontaine (ENXTPA:ALEXA)

3.94%

★★★★★☆

Piscines Desjoyaux (ENXTPA:ALPDX)

6.92%

★★★★★☆

Click here to see the full list of 33 stocks from our Top Euronext Paris Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Vinci

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Vinci SA operates in concessions, energy, and construction sectors both in France and globally, with a market capitalization of approximately €64.87 billion.

Operations: Vinci SA generates revenue through various segments, with €31.46 billion from construction (including Eurovia), €19.33 billion from Vinci Energies, €6.88 billion from Vinci Autoroutes concessions, €4.23 billion from Vinci Airports concessions, and smaller contributions of €1.23 billion from Vinci Immobilier and Holding Companies and €0.73 billion from other concessions.

Dividend Yield: 4%

Vinci's dividend profile shows a mix of stability and concern. Despite a volatile dividend history over the past decade, recent financials suggest improvement. The payout ratio stands at 54.4%, indicating that earnings sufficiently cover dividends, complemented by a cash payout ratio of 35.6%, which underscores strong cash flow support for these payments. However, Vinci's dividend yield of 3.96% is below the French market's top quartile average of 5.11%. Additionally, while profits have grown by 10.4% in the past year and are projected to increase by approximately 5.29% annually, high debt levels persist as a financial caution.