In the midst of a fluctuating global market, France’s CAC 40 Index has shown resilience with modest gains, reflecting a sense of cautious optimism among investors. Dividend stocks like Fleury Michon are proving to be attractive options for those seeking stable income streams in uncertain market conditions.
Here are the top 10 dividend stocks in France:
1. Rubis (ENXTPA:RUI) – Dividend Yield: 6.25%
2. Samse (ENXTPA:SAMS) – Dividend Yield: 8.77%
3. CBo Territoria (ENXTPA:CBOT) – Dividend Yield: 6.38%
4. Fleury Michon (ENXTPA:ALFLE) – Dividend Yield: 5.42%
5. Métropole Télévision (ENXTPA:MMT) – Dividend Yield: 9.57%
6. VIEL & Cie société anonyme (ENXTPA:VIL) – Dividend Yield: 3.83%
7. Sanofi (ENXTPA:SAN) – Dividend Yield: 4.18%
8. Arkema (ENXTPA:AKE) – Dividend Yield: 3.93%
9. Exacompta Clairefontaine (ENXTPA:ALEXA) – Dividend Yield: 4.16%
10. Piscines Desjoyaux (ENXTPA:ALPDX) – Dividend Yield: 7.27%
Fleury Michon SA, with a market cap of €100.12 million, is involved in the production and international sale of food products primarily in France. The company generated €709.60 million in revenue from its Division GMS France and €83.92 million from its International Division.
In 2023, Fleury Michon SA showed strong financial performance with sales reaching €836.2 million and net income increasing to €10.3 million. Despite some volatility in dividend payments over the past decade, the company’s dividends are well-supported by earnings and cash flows, with a low payout ratio of 36% and a cash payout ratio of 12.8%. The dividend yield currently stands at 5.42%, placing it among the top French dividend stocks.
Infotel SA, with a market capitalization of €339.68 million, specializes in designing, developing, marketing, and maintaining software solutions globally. The company generates revenue primarily through its Services segment, which brought in €296.02 million, and its Software segment, contributing €11.53 million.
Despite some volatility in dividend payments, Infotel SA trades at a potential undervaluation of 28.8% relative to its peers. With a dividend yield of 4.1% and a payout ratio of 76.2%, the company’s dividends are supported by earnings and cash flows.
SCOR SE, with a market capitalization of approximately €4.57 billion, operates globally offering life and non-life reinsurance products. The company generates revenue mainly through its life reinsurance segment, SCOR L&H, and its non-life reinsurance segment, SCOR P&C.
SCOR SE has a dividend yield of 7.1% and a low payout ratio of 39.7%, indicating strong coverage by both earnings and cash flows. Despite some volatility in dividend payments, the company recently announced an increased dividend payment for 2023, reflecting its commitment to maintaining shareholder returns.
Overall, these top dividend stocks in France present attractive opportunities for investors seeking stable income streams in uncertain market conditions.