3 Euronext Paris Dividend Stocks Yielding Up To 6%

As the European economy sees a boost from the Paris Olympics, France’s CAC 40 Index has gained 1.71%, reflecting investor optimism amid expectations of upcoming interest rate cuts by both the Federal Reserve and the European Central Bank. With this backdrop, dividend stocks on Euronext Paris present an attractive option for investors seeking steady income streams.

In light of current market conditions, a good dividend stock typically offers a reliable payout, strong financial health, and resilience in diverse economic climates.

Top 10 Dividend Stocks In France

Click here to see the full list of 35 stocks from our Top Euronext Paris 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: Amundi is a publicly owned investment manager with operations focused on managing assets and a market cap of €13.73 billion.

Operations: Amundi generates €6.09 billion in revenue from its Asset Management segment.

Dividend Yield: 6.1%

Amundi S.A. reported strong earnings for the second quarter and first half of 2024, with revenue reaching €887 million and €1.71 billion respectively, while net income was €333 million and €636 million. The company offers a high dividend yield (6.08%), ranking in the top 25% of French dividend payers, with dividends covered by both earnings (69.3%) and cash flows (56%). However, its dividend history is less stable, showing volatility over nine years of payments.

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

Overview: Publicis Groupe S.A. offers marketing, communications, and digital business transformation services across various regions globally and has a market cap of approximately €24.33 billion.

Operations: Publicis Groupe S.A.’s revenue from advertising and communication services amounts to €15.35 billion.

Dividend Yield: 3.5%

Publicis Groupe’s dividend payments are covered by earnings (54.7%) and cash flows (64.2%), though its dividend history has been volatile over the past decade. The company recently increased its dividend by 17% to €3.40 per share, reflecting strong financial performance, with H1 2024 net income at €773 million on revenue of €7.65 billion. Despite a lower yield compared to top French payers, Publicis upgraded its annual revenue guidance amid robust growth prospects.

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

Overview: Rexel S.A., with a market cap of €6.83 billion, distributes low and ultra-low voltage electrical products and services across residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific.

Operations: Rexel S.A. generates €19.02 billion in revenue from its wholesale electronics segment, distributing low and ultra-low voltage electrical products and services across various markets.

Dividend Yield: 5.2%

Rexel’s dividend payments are covered by earnings (51.6%) and cash flows (39.8%), though its dividend history has been volatile over the past decade. Despite a lower yield compared to top French payers, Rexel’s dividends have increased over 10 years. Recent H1 2024 results showed a decline in net income to €351.9 million on sales of €9.63 billion, while the company continues disciplined M&A activities and share buybacks (€50 million for 0.67%).

Key Takeaways

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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.

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