Dividend stocks with strong balance sheets and high yields can provide investors with stable income, cushion market downturns, and help their investments grow steadily.
Top dividend payers in April 2024 include Portuguese oil and gas company Galp Energia (GALP), French metals and mining company Eramet (ERA), and Spanish bank Banco de Sabadell (SAB). Ta.
To find the 10 best-performing income-focused stocks of the month, we compared the Morningstar Eurozone Index, which measures the performance of the eurozone's broad regional market with the top 97% of stocks by market capitalization, to future dividends. We screened companies with yields of 20 million yen or more. 1.5% or more, excluding real estate investment trusts.
Top Dividend Stocks in Eurozone for April 2024
1. Gulp Energy (GALP)
2. ERAMET (ERA)
3. Sabadell Bank (SAB)
4. Wärtsilä (WRT1V)
5. Solvay (SOLB)
6. Naturgy Energy Group (NTGY)
7.EVN (EVN)
8. MFE – Media for Europe (MFEB)
9. KEMIRA
10. Tervaistalo Healthcare (TTALO)
How are dividend stocks performing?
The Morningstar Eurozone Dividend Yield Focus Index, which tracks the performance of blue-chip dividend stocks listed in Europe, fell 1.3% last month but has risen 3.3% over the past year.
The overall eurozone stock market, as measured by the Morningstar Eurozone Index, fell 1.7% month-on-month but rose 13.6% for the year.
Yields and indicators of the highest dividend stocks in April
Gulp Energia
Portuguese oil and gas company Galp Energia rose 31.9% in April and is up 88.6% over the past 12 months. Trading at EUR 20.20 per share, the company's stock has a forward dividend yield of 2.62%. Galp Energia pays investors an annual dividend of 0.53 euros per his share. This stock has a Morningstar Quantitative Rating of 3 stars.
Eramet
French metals and mining company Eramet rose 29.7% in April and is up 7.7% over the past 12 months. At €91.35 per share, the company's stock has a forward dividend yield of 1.64%, or an annual dividend of €3.50 per share. He has a 3-star rating from Morningstar Quantitative Ratings.
Sabadell Bank
Spanish bank Banco de Sabadell rose 25.5% in April and is up 96.4% over the past 12 months. The stock price is 1.80 euros and the future dividend yield is 3.34%. Banco de Sabadell pays investors an annual dividend of 0.03 euros per his share. This stock has a Morningstar Quantitative Rating of 3 stars.
Wärtsilä
Finnish specialty industrial machinery company Wärtsilä rose 23.2% in April and 68.1% over the past 12 months. Wärtsilä shares are trading at €17.36 per share, with a forward dividend yield of 1.84% and an annual dividend of €0.29 per share. The wide economic moat stock is moderately overvalued, trading 34% above its fair value estimate of €13 per share. He has a 2-star Morningstar rating.
Solvay
Belgian chemical company Solvay rose 20.2% in April and is up 16% over the past 12 months. The company is trading at 30.41 euros per share, giving it a forward dividend yield of 5.33%. Solvay will pay investors 4.05 euros per share annually. He has a 3-star rating from Morningstar Quantitative Ratings.
Natgy Energy Group
Spanish gas company Naturgy Energy Group rose 20% in April but has fallen 11.2% over the past 12 months. Naturgy Energy Group's shares cost €23.72 per share, with a future dividend yield of 5.9% and an annual dividend of €1.50 per share. The stock, which has no economic moat, trades close to its fair value estimate of €25.70 per share. It has a 3-star Morningstar rating.
EVN
Austrian utility company EVN rose 17.8% in April and is up 37.3% over the past 12 months. EVN stock is trading at €28.85 per share, with a forward dividend yield of 1.8% and an annual dividend of €0.52 per share. He has a 4-star rating from Morningstar Quantitative Ratings.
MFE – MediaForEurope
Italian broadcaster MFE – MediaForEurope rose 17.3% in April and 20.4% over the past 12 months. His MFE stock, which is trading at 3.77 euros per share, has a future dividend yield of 6.63% and will pay investors an annual dividend of 0.25 euros per share. The stock has a 4-star Morningstar Quantitative Rating.
Kemirah
Finnish chemical company Kemira rose 16.6% in April and is up 32.6% over the past 12 months. The stock price is 20.42 euros and the future dividend yield is 3.33%. Kemira pays investors a dividend of 0.65 euros per year per his share. This stock has a Morningstar Quantitative Rating of 3 stars.
TERBAYSTARO HEALTH CARE
Finnish medical facility company Tervajstalo Healthcare rose 15.5% in April and 13.5% over the past 12 months. Terveystalo Healthcare's share price is 8.71 euros, with a forward dividend yield of 3.44% and an annual dividend of 0.29 euros per share. He has a 4-star rating from Morningstar Quantitative Ratings.
What is the Morningstar Eurozone Index?
The Morningstar Eurozone Index measures the performance of the broad regional market in the Eurozone, covering the top 97% of stocks by market capitalization. The index does not incorporate environmental, social, or governance criteria.
What is the Morningstar Eurozone Dividend Yield Focus Index?
The Morningstar Eurozone Dividend Yield Focus Index captures the performance of a portfolio of high-quality, high-yielding securities.
The Morningstar Eurozone Dividend Yield Focus Index captures the performance of a portfolio of high-quality, high-yielding securities. It is part of the Morningstar Eurozone Index (representing 97% of stock market capitalization), which includes only stocks that pay dividends. Stocks are reviewed for their economic moat and financial strength relative to other stocks within their sector. Excludes real estate investment trusts.
From there, the 25 highest-yielding stocks are included in the index, weighted by the dollar value of their dividends. See the complete rulebook here.
Best Dividend Stock Leaders: More Ideas to Consider
Investors who want to find and further investigate higher-performing or lower-dividend stocks can:
• See the complete list of dividend stocks included in the Morningstar Eurozone Dividend Yield Focus Index. Dividend stocks with Morningstar ratings of 4 and 5 stars are undervalued, according to our metrics.
• Read our monthly analysis of the latest dividend trends for the top dividend companies in the FTSE 100.
• Use the Morningstar Screener tool to find the best dividend stocks according to your specific criteria. You can search for stocks based on evaluation criteria such as dividend yield, stock price, and earnings.
• Use Morningstar Portfolio Manager to create a watchlist of the highest dividend stocks and an easy-to-track view of the valuations, ratings, and dividend yields of the stocks on your list.
Companies that are not formally covered by a Morningstar analyst have quantitative ratings. These companies are statistically matched to analyst-rated companies, allowing our models to calculate quantitative moat, fair value, and uncertainty ratings.
This article was edited by Bella Albrecht, edited by Lauren Solberg, and reviewed by Sunniva Kolostyak.
As part of our mission to put more information in the hands of investors, this article was compiled from independent research using Morningstar data and automation technology. The original article was written by Morningstar reporters and editors. This updated version has been reviewed by our editors.
