Best-Performing Eurozone Dividend Stocks for the Month

To
find
the
month’s
10
best-performing
income-focused
stocks,
we
screened
the

Morningstar
Eurozone
Index
–
which
measures
the
performance
of
the
eurozone’s
broad
regional
markets,
targeting
the
top
97%
of
stocks
by
market
capitalisation
–
for
companies
with
a
forward
dividend
yield
of
at
least
1.5%,
excluding
real
estate
investment
trusts.

The
Best-Performing
Eurozone
Dividend
Stocks
of
April
2024

1.
Galp
Energia
(GALP)
2.
Eramet
(ERA)
3.
Banco
de
Sabadell
(SAB)
4.
Wärtsilä
(WRT1V)
5.
Solvay
(SOLB)
6.
Naturgy
Energy
Group
(NTGY)
7.
EVN
(EVN)
8.
MFE
–
MediaForEurope
(MFEB)
9.
Kemira
(KEMIRA)
10.
Terveystalo
Healthcare
(TTALO)

How
Have
Dividend
Stocks
Performed?

The

Morningstar
Eurozone
Dividend
Yield
Focus
Index,
which
tracks
the
performance
of
high-quality,
dividend-paying
stocks
listed
in
Europe,
fell
1.3%
over
the
past
month,
but
has
risen
3.3%
over
the
past
year.

The
overall
eurozone
stock
market,
as
measured
by
the

Morningstar
Eurozone
Index,
has
lost
1.7%
on
the
month,
but
has
risen
13.6%
on
the
year.

Yields
and
Metrics
for
April’s
Best-Performing
Dividend
Stocks

Galp
Energia

Portuguese
oil
and
gas
firm
Galp
Energia
rose
31.9%
in
April
and
gained
88.6%
over
the
past
12
months.
Trading
at
€20.20
per
share,
its
stock
has
a
forward
dividend
yield
of
2.62%.
Galp
Energia
pays
investors
an
annual
dividend
of
€0.53
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Eramet

French
metals
and
mining
firm
Eramet
rose
29.7%
in
April
and
gained
7.7%
over
the
past
12
months.
At
€91.35
per
share,
its
stock
has
a
forward
dividend
yield
of
1.64%
and
an
annual
dividend
of
€3.50
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Banco
de
Sabadell

Spanish
bank
Banco
de
Sabadell
gained
25.5%
in
April
and
rose
96.4%
over
the
past
12
months.
The
stock’s
€1.80
price
gives
it
a
forward
dividend
yield
of
3.34%.
Banco
de
Sabadell
pays
investors
an
annual
dividend
of
€0.03
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Wärtsilä

Finnish
specialty
industrial
machinery
firm
Wärtsilä
rose
23.2%
in
April
and
gained
68.1%
over
the
past
12
months.
Trading
at
€17.36
per
share,
Wärtsilä
stock
has
a
forward
dividend
yield
of
1.84%
and
an
annual
dividend
of
€0.29
per
share.
The
stock,
which
has
a
wide
economic
moat,
is
moderately
overvalued,
trading
34%
above
its
fair
value
estimate
of
€13
per
share.
It
has
a
Morningstar
Rating
of
2
stars.

Solvay

Belgian
chemical
company
Solvay
gained
20.2%
in
April
and
rose
16%
over
the
past
12
months.
Trading
at
€30.41
per
share,
its
forward
dividend
yield
is
5.33%.
Solvay
pays
investors
€4.05
per
share
annually.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Naturgy
Energy
Group

Spanish
gas
company
Naturgy
Energy
Group
gained
20%
in
April
and
fell
11.2%
over
the
past
12
months.
At
€23.72
per
share,
Naturgy
Energy
Group
stock
has
a
forward
dividend
yield
of
5.9%
and
an
annual
dividend
of
€1.50
per
share.
The
stock,
which
has
no
economic
moat,
is
trading
near
its
fair
value
estimate
of
€25.70
per
share.
It
has
a
Morningstar
Rating
of
3
stars.

EVN

Austrian
utilities
company
EVN
rose
17.8%
in
April
and
gained
37.3%
over
the
past
12
months.
Trading
at
€28.85
per
share,
EVN
stock
has
a
forward
dividend
yield
of
1.8%
and
an
annual
dividend
of
€0.52
per
share.
It
has
a
quantitative
Morningstar
Rating
of
4
stars.

MFE
–
MediaForEurope

Italian
broadcasting
company
MFE
–
MediaForEurope
rose
17.3%
in
April
and
gained
20.4%
over
the
past
12
months.
Trading
at
€3.77
per
share,
MFE
stock
has
a
forward
dividend
yield
of
6.63%
and
pays
investors
an
annual
dividend
of
€0.25
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
4
stars.

Kemira

Finnish
chemical
company
Kemira
gained
16.6%
in
April
and
rose
32.6%
over
the
past
12
months.
The
stock’s
€20.42
price
gives
it
a
forward
dividend
yield
of
3.33%.
Kemira
pays
investors
an
annual
dividend
of
€0.65
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Terveystalo
Healthcare

Finnish
medical
care
facilities
firm
Terveystalo
Healthcare
rose
15.5%
in
April
and
gained
13.5%
over
the
past
12
months.
At
€8.71
per
share,
Terveystalo
Healthcare
has
a
forward
dividend
yield
of
3.44%
and
an
annual
dividend
of
€0.29
per
share.
It
has
a
quantitative
Morningstar
Rating
of
4
stars.

What
Is
the
Morningstar
Eurozone
Index?

The
Morningstar
Eurozone
index
measures
the
performance
of
the
eurozone’s
broad
regional
markets,
targeting
the
top
97%
of
stocks
by
market
capitalisation.
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,
dividend-paying
securities.

The
Morningstar
Eurozone
Dividend
Yield
Focus
index
captures
the
performance
of
a
portfolio
of
high-quality,
dividend-paying
securities.
It’s
a
subset
of
the
Morningstar
Eurozone
index
(which
represents
97%
of
the
equity
market
capitalization)
that
includes
only
stocks
that
pay
dividends.
The
stocks
are
screened
for
economic
moat
and
financial
strength
compared
to
others
in
their
sector.
Real
estate
investment
trusts
are
excluded.

From
there,
the
25
highest-yielding
stocks
are
included
in
the
index,
weighted
by
the
dollar
value
of
the
dividends.
See
the
full
rulebook here.

The
Best
Dividend
Stock
Leaders:
More
Ideas
to
Consider

Investors
who
would
like
to
uncover
more
top-performing
or
cheap
dividend
stocks
to
research
further
can
do
the
following: 

•
Review
the
full
list
of
Dividend
stocks
included
in
the Morningstar
Eurozone
Dividend
Yield
Focus index.
Those
dividend
stocks
with
Morningstar
Ratings
of
4
or
5
stars
are
undervalued,
according
to
our
metrics.

•
Read
our
monthly
analysis
of
the
latest
dividend
moves among
the
top
FTSE
100
dividend
payers.

•
Use
our Morningstar
Screener tool
to
find
the
best
dividend
stocks
according
to
your
specific
criteria.
You
can
search
for
stocks
based
on
their
dividend
yields,
valuation
measures
such
as
price/earnings,
and
more.

•
Use Morningstar
Portfolio
Manager to
build
a
watchlist
of
the
best
dividend
stocks
and
create
a
view
that
allows
you
to
easily
follow
the
valuations,
ratings,
and
dividend
yields
of
the
stocks
in
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
a
quantitative
moat,
fair
value,
and
uncertainty
rating.

This
article
was
compiled
by
Bella
Albrecht,
edited
by
Lauren
Solberg,
and
reviewed
by
Sunniva
Kolostyak.

As
part
of
our
mission
to
put
more
information
into
the
hands
of
investors,
this
article
was
compiled
from
Morningstar’s
data
and
independent
research
using
automation
technology.
The
original
article
was
written
by
Morningstar
reporters
and
editors.
This
updated
version
was
reviewed
by
an
editor.

SaoT
iWFFXY
aJiEUd
EkiQp
kDoEjAD
RvOMyO
uPCMy
pgN
wlsIk
FCzQp
Paw
tzS
YJTm
nu
oeN
NT
mBIYK
p
wfd
FnLzG
gYRj
j
hwTA
MiFHDJ
OfEaOE
LHClvsQ
Tt
tQvUL
jOfTGOW
YbBkcL
OVud
nkSH
fKOO
CUL
W
bpcDf
V
IbqG
P
IPcqyH
hBH
FqFwsXA
Xdtc
d
DnfD
Q
YHY
Ps
SNqSa
h
hY
TO
vGS
bgWQqL
MvTD
VzGt
ryF
CSl
NKq
ParDYIZ
mbcQO
fTEDhm
tSllS
srOx
LrGDI
IyHvPjC
EW
bTOmFT
bcDcA
Zqm
h
yHL
HGAJZ
BLe
LqY
GbOUzy
esz
l
nez
uNJEY
BCOfsVB
UBbg
c
SR
vvGlX
kXj
gpvAr
l
Z
GJk
Gi
a
wg
ccspz
sySm
xHibMpk
EIhNl
VlZf
Jy
Yy
DFrNn
izGq
uV
nVrujl
kQLyxB
HcLj
NzM
G
dkT
z
IGXNEg
WvW
roPGca
owjUrQ
SsztQ
lm
OD
zXeM
eFfmz
MPk