Using the Top Dividend Stocks tool for the Spanish market, we have shortlisted the top five stocks. These stocks have higher dividend yields, surpassing their respective sector’s averages.
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This tool could be a perfect helping hand for investors while choosing dividend stocks. It also helps in comparing these stocks against each other on different parameters.
Let’s have a look at the details.
1. Telefonica S.A. (ES:TEF)
Spanish telecommunications company, Telefonica has a dividend yield of 6.79%, as 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 stock has a Hold rating on TipRanks and a target price of €3.74.
2. Mapfre S.A (ES:MAP)
Insurance provider Mapfre has a better dividend yield of 6.26% than the sector average of 2.11%. The company has paid consistent dividends over the last five years. In 2022, the company announced its interim dividend as €0.05 per share, paid in November 2022.
On TipRanks, MAP stock has mixed recommendations from analysts with an overall rating of Hold.
3. Banco Bilbao Vizcaya Argentaria (ES:BBVA)
BBVA is a global financial services company based in Spain. The company has a much better dividend yield of 4.22% as compared to its peers. The sector average is 2.11%. The company’s last declared dividend in 2022 was an interim dividend of €0.12 per share, which was 50% higher than the previous year.
BBVA stock has a total of 12 recommendations on TipRanks, with an overall rating of Moderate Buy.
4. Repsol SA (ES:REP)
Repsol is an energy company with operations in over 100 countries. The company declared a dividend of €0.63 per share in 2022, with the goal of increasing it to €0.75 per share by 2025. Repsol has a dividend yield of 3.62%.
REP stock has a Strong Buy rating with all nine Buy recommendations. The stock has an average target price of €18.62, which has an upside potential of 22.14%.
5. Iberdrola SA (ES:IBE)
Iberdrola is among the leading energy companies focused on the renewable space. The company’s dividend yield is 3.46%, as 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.
IBE stock has a Moderate Buy rating with a target price of €11.84, which is 10.6% higher than the current trading price.
