3 Middle Eastern Dividend Stocks To Consider With Up To 4.5% Yield

As Gulf markets experience gains driven by strong corporate earnings and rising oil prices, investors are increasingly turning their attention to dividend stocks in the region. In this environment, a good dividend stock is one that not only offers attractive yields but also demonstrates resilience amidst fluctuating market conditions.

Click here to see the full list of 69 stocks from our Top Middle Eastern Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

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

Overview: Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. operates in the cement industry and has a market capitalization of TRY5.76 billion.

Operations: Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. generates its revenue primarily from Cement and Ready Mixed Concrete, which accounts for TRY5.22 billion, and Energy, contributing TRY468.04 million.

Dividend Yield: 3.5%

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret’s dividend yield of 3.47% is among the top 25% in Turkey, yet its sustainability is concerning due to a high cash payout ratio of 184.2%. While dividends have grown over the past decade, they remain volatile and unreliable. Recent earnings show a significant decline, with Q2 sales at TRY 1.44 billion and net income dropping to TRY 13.63 million, further challenging dividend stability.

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

Overview: Logo Yazilim Sanayi ve Ticaret A.S. develops and markets software solutions both in Turkey and internationally, with a market cap of TRY14.39 billion.

Operations: Logo Yazilim Sanayi ve Ticaret A.S. generates revenue primarily from its software industry segment, amounting to TRY4.27 billion.

Dividend Yield: 3.5%

Logo Yazilim Sanayi ve Ticaret’s dividend yield of 3.47% places it in the top 25% of Turkish dividend payers, supported by a sustainable payout ratio of 44.2%. Although dividends have only been paid for five years, they have shown consistent growth with minimal volatility. Recent earnings reveal an increase in sales to TRY 1.30 billion for Q2, though net income slightly declined to TRY 276.66 million, suggesting stable but cautious optimism for dividend reliability.

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

Overview: Alinma Bank offers banking and investment services in the Kingdom of Saudi Arabia, with a market capitalization of SAR66.10 billion.

Operations: Alinma Bank’s revenue segments comprise Retail at SAR5.34 billion, Treasury at SAR1.93 billion, Corporate Banking at SAR2.13 billion, and Investment and Brokerage at SAR1.02 billion.

Dividend Yield: 4.5%

Alinma Bank announced a quarterly dividend of SAR 0.30 per share, reflecting its commitment to shareholder returns despite a historically unstable dividend track record. The payout ratio stands at 52%, indicating dividends are well-covered by earnings and forecasted to remain sustainable with a future payout ratio of 48.2%. While the bank’s dividend yield is lower than top-tier Saudi payers, the price-to-earnings ratio of 11.5x suggests potential value against market averages, supported by consistent earnings growth.

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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 IBSE:GOLTS IBSE:LOGO and SASE:1150.

This article was originally published by Simply Wall St.

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