In June 2024, the French market experienced volatility as the CAC 40 Index declined due to concerns about inflation and European Central Bank policies. This has created a cautious yet intriguing stage for investors looking into dividend stocks on Euronext Paris for potential stability and income during uncertain times.
In such a market environment, a good dividend stock typically has strong fundamentals such as consistent earnings, solid management, and the ability to sustain dividends even in challenging economic conditions.
Here are the top 10 dividend stocks in France:
1. Rubis (ENXTPA:RUI) – Dividend Yield: 5.98%, Dividend Rating: ★★★★★★
2. Samse (ENXTPA:SAMS) – Dividend Yield: 8.40%, Dividend Rating: ★★★★★★
3. CBo Territoria (ENXTPA:CBOT) – Dividend Yield: 6.32%, Dividend Rating: ★★★★★★
4. Fleury Michon (ENXTPA:ALFLE) – Dividend Yield: 5.31%, Dividend Rating: ★★★★★☆
5. Métropole Télévision (ENXTPA:MMT) – Dividend Yield: 9.10%, Dividend Rating: ★★★★★☆
6. VIEL & Cie société anonyme (ENXTPA:VIL) – Dividend Yield: 3.85%, Dividend Rating: ★★★★★☆
7. Sanofi (ENXTPA:SAN) – Dividend Yield: 4.13%, Dividend Rating: ★★★★★☆
8. Arkema (ENXTPA:AKE) – Dividend Yield: 3.87%, Dividend Rating: ★★★★★☆
9. Exacompta Clairefontaine (ENXTPA:ALEXA) – Dividend Yield: 3.94%, Dividend Rating: ★★★★★☆
10. Piscines Desjoyaux (ENXTPA:ALPDX) – Dividend Yield: 6.92%, Dividend Rating: ★★★★★☆
Vinci SA is one of the companies worth considering:
– Vinci SA operates in concessions, energy, and construction sectors with a market capitalization of approximately €64.87 billion.
– The company generates revenue from various segments, with construction being the largest contributor.
– Dividend Yield: 4%
– Despite a volatile dividend history, recent financials show improvement with a payout ratio of 54.4% and a cash payout ratio of 35.6%.
– While profits have grown, high debt levels are a financial concern.
La Française des Jeux Société anonyme and Oeneo SA are also notable picks for dividend stocks in France with their respective dividend yields and financial performances.
In conclusion, investing in dividend stocks in France requires careful consideration of company fundamentals and financial stability in the current market environment. It is essential to conduct thorough research and analysis before making investment decisions.