The 10 Best-Performing Eurozone Dividend Stocks of July 2024

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
July
2024

1.
Grenke
Factoring
Business
(GLJ)
2.
InterParfums
(ITP)
3.
Konecranes
(KCR)
4.
Terveystalo
Healthcare
(TTALO)
5.
Cosmote
Mobile
Telecommunications
(HTO)
6.
Webuild
(WBD)
7.
BFF
Bank
(BFF)
8.
Aixtron
Group
(AIXA)
9.
Nexans
(NEX)
10.
Barco
(BAR)

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,
rose
2.5%
over
the
past
month
and
6.4%
over
the
past
year.

The
overall
eurozone
stock
market,
as
measured
by
the

Morningstar
Eurozone
Index,
was
roughly
flat
on
the
month,
but
has
risen
10.6%
on
the
year.

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

Grenke
Factoring
Business
German
credit
services
firm
Grenke
Factoring
Business
rose
38.3%
in
July
and
gained
15.8%
over
the
past
12
months.
Trading
at
EUR
28.55
per
share,
its
stock
has
a
forward
dividend
yield
of
1.65%.
Grenke
Factoring
Business
pays
investors
a
trailing
12-month
dividend
of
EUR
0.45
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
4
stars.

InterParfums
French
household
and
personal
products
company
InterParfums
rose
23.2%
in
July
and
lost
19.4%
over
the
past
12
months.
At
EUR
47.05
per
share,
its
stock
has
a
forward
dividend
yield
of
2.22%
and
a
trailing
12-month
dividend
of
EUR
0.87
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Konecranes
Finnish
heavy
machinery
company
Konecranes
gained
21.9%
in
July
and
rose
99.5%
over
the
past
12
months.
The
stock’s
EUR
64.55
price
gives
it
a
forward
dividend
yield
of
2.09%.
Konecranes
pays
investors
a
trailing
12-month
dividend
of
EUR
1.35
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
2
stars.

Terveystalo
Healthcare
Finnish
medical
care
facilities
firm
Terveystalo
Healthcare
rose
19.8%
in
July
and
gained
43.5%
over
the
past
12
months.
Trading
at
EUR
10.30
per
share,
Terveystalo
Healthcare
stock
has
a
forward
dividend
yield
of
2.91%
and
a
trailing
12-month
dividend
of
EUR
0.29
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Cosmote
Mobile
Telecommunications
Greek
telecom
services
firm
Cosmote
Mobile
Telecommunications
gained
18.2%
in
July
and
rose
10.7%
over
the
past
12
months.
Trading
at
EUR
15.17
per
share,
its
forward
dividend
yield
is
4.76%.
Cosmote
Mobile
Telecommunications
pays
investors
a
trailing
12-month
dividend
of
EUR
0.59
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Webuild
Italian
engineering
and
construction
company
Webuild
gained
18.2%
in
July
and
rose
39.9%
over
the
past
12
months.
At
EUR
2.42
per
share,
Webuild
stock
has
a
forward
dividend
yield
of
2.93%
and
a
trailing
12-month
dividend
of
EUR
0.06
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

BFF
Bank
Italian
credit
services
firm
BFF
Bank
rose
17.8%
in
July
and
gained
11.4%
over
the
past
12
months.
Trading
at
EUR
10.45
per
share,
BFF
Bank
stock
has
a
forward
dividend
yield
of
9.37%
and
a
trailing
12-month
dividend
of
EUR
0.86
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Aixtron
Group
German
semiconductor
equipment
and
materials
firm
Aixtron
Group
rose
17.8%
in
July
and
lost
39.0%
over
the
past
12
months.
Trading
at
EUR
21.60
per
share,
Aixtron
Group
stock
has
a
forward
dividend
yield
of
1.85%
and
pays
investors
a
trailing
12-month
dividend
of
EUR
0.40
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Nexans
French
electrical
equipment
and
parts
company
Nexans
gained
16.2%
in
July
and
rose
51.1%
over
the
past
12
months.
The
stock’s
EUR
119.60
price
gives
it
a
forward
dividend
yield
of
1.92%.
Nexans
pays
investors
a
trailing
12-month
dividend
of
EUR
2.30
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Barco
Belgian
electronic
components
company
Barco
rose
15.1%
in
July
and
lost
41.5%
over
the
past
12
months.
At
EUR
11.92
per
share,
Barco
has
a
forward
dividend
yield
of
4.03%
and
a
trailing
12-month
dividend
of
EUR
0.48
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
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.

It’s
a
subset
of
the
Morningstar
Eurozone
index
(which
represents
97%
of
the
equity
market
capitalisation)
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.

•
When
it
comes
to
buying
stocks,
it’s
more
than
just
dividends.
Read

here
how
valuations
and
competitive
advantages
–
known
as
economic
moats
–
matter
when
it
comes
to
a
stock’s
potential
for
outperformance.

•
Watch

this
video
to
learn
how
Morningstar
uses
the
star
rating,
moat
rating
and
other
metrics
to
evaluate
stocks.

Companies
that
are
not
formally
covered
by
a
Morningstar
analyst
are
statistically
matched
to
analyst-rated
companies,
allowing
our
models
to
calculate
a
quantitative
star
rating.

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

This
article
was
generated

with
the
help
of
automation
and
reviewed
by
Morningstar
editors.

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