By using the Top Dividend Stocks tool for the Spanish market, we have selected the top five stocks. These stocks have higher dividend yields, exceeding their respective industry averages.
This tool could be a perfect helping hand for investors while choosing dividend stocks. It also helps in comparing these actions to each other on different metrics.
Let’s see the details.
1. Telefonica SA (THIS F)
A Spanish telecommunications company, Telefonica has a dividend yield of 6.79%, compared to its sector average of 1.03%. In 2022, the company announced a dividend of €0.30 per share, payable in two equal installments in December 2022 and June 2023.
TEF action has a Hold rating on TipRanks and a target price of €3.74.
The insurer Mapfre has a better dividend yield of 6.26% than the industry average of 2.11%. The company has paid consistent dividends over the past five years. In 2022, the company announced its interim dividend of €0.05 per share, paid in November 2022.
On TipRanks, Stock CARD has mixed analyst recommendations with an overall rating of Hold.
3. Banco Bilbao Vizcaya Argentaria (EN:BBVA)
BBVA is a global financial services company based in Spain. The company has a lot best dividend yield of 4.22% compared to his peers. The industry average is 2.11%. The company’s last declared dividend in 2022 was an interim dividend of €0.12 per share, 50% more than the previous year.
BBVA share has a total of 12 recommendations on TipRanks, with an overall moderate buy rating.
Repsol is an energy company present in more than 100 countries. The company declared a dividend of €0.63 per share in 2022, with the aim of raising it to €0.75 per share by 2025. Repsol has a dividend yield of 3.62%.
REP action has a strong buy rating with all nine buy recommendations. The stock has an average price target of €18.62, with an upside potential of 22.14%.
Iberdrola is among the leading renewable space-focused energy companies. From the company the dividend yield is 3.46%, compared to the industry average of 2.9%. According to the company’s policy, its dividend will be between 65% and 75% of its net profits. The interim dividend for 2022 was €0.14 per share.
BIE action has a moderate buy rating with a target price of €11.84, which is 10.6% higher than the current trading price.