The 10 Best-Performing Eurozone Dividend Stocks of Q2 2024

To
find
the
quarter’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
Q2
2024

1.
Eramet
(ERA)
2.
Solvay
(SOLB)
3.
Esso
(ES)
4.
Galp
Energia
(GALP)
5.
Kemira
(KEMIRA)
6.
Wärtsilä
(WRT1V)
7.
MFE-MediaForEurope
Class
B
(MFEB)
8.
Banco
de
Sabadell
(SAB)
9.
Van
Lanschot
Kempen
(VLK)
10.
Unipol
Gruppo
(UNI)

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,
was
roughly
flat
over
the
past
month,
but
has
risen
4.6%
over
the
past
year.

The
overall
eurozone
stock
market,
as
measured
by
the

Morningstar
Eurozone
Index,
has
lost
1.3%
on
the
quarter,
but
has
risen
12.2%
on
the
year.

Yields
and
Metrics
for
Q2’s
Best-Performing
Dividend
Stocks

Eramet

French
metals
and
mining
firm
Eramet
rose
35.8%
in
the
second
quarter
and
gained
14.3%
over
the
past
12
months.
Trading
at
€94.15
per
share,
its
stock
has
a
forward
dividend
yield
of
1.59%.
Eramet
pays
investors
a
trailing
12-month
dividend
of
€3.50
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Solvay

Belgian
chemical
company
Solvay
rose
33.1%
in
the
second
quarter
and
gained
24.2%
over
the
past
12
months.
At
€32.87
per
share,
its
stock
has
a
forward
dividend
yield
of
4.93%
and
a
trailing
12-month
dividend
of
€4.13
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Esso

French
oil
and
gas
company
Esso
gained
31.2%
in
the
second
quarter
and
rose
233.6%
over
the
past
12
months.
The
stock’s
€164.40
price
gives
it
a
forward
dividend
yield
of
1.82%.
Esso
pays
investors
a
trailing
12-month
dividend
of
€2
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
4
stars.

Galp
Energia

Portuguese
oil
and
gas
firm
Galp
Energia
rose
30.5%
in
the
second
quarter
and
gained
89.0%
over
the
past
12
months.
Trading
at
€19.72
per
share,
Galp
Energia
stock
has
a
forward
dividend
yield
of
2.74%
and
a
trailing
12-month
dividend
of
€0.53
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Kemira

Finnish
chemical
company
Kemira
gained
29.9%
in
the
second
quarter
and
rose
60.5%
over
the
past
12
months.
Trading
at
€22.76
per
share,
its
forward
dividend
yield
is
2.99%.
Kemira
pays
investors
a
trailing
12-month
dividend
of
€0.65
per
share.
It
has
a
quantitative
Morningstar
Rating
of
3
stars.

Wärtsilä

Finnish
specialty
industrial
machinery
firm
Wärtsilä
gained
27.8%
in
the
second
quarter
and
rose
77.3%
over
the
past
12
months.
At
€18
per
share,
Wärtsilä
stock
has
a
forward
dividend
yield
of
1.78%
and
a
trailing
12-month
dividend
of
€0.29
per
share.
The
stock,
which
has
a
wide
economic
moat,
is
moderately
overvalued,
trading
39%
above
its
fair
value
estimate
of
€13
per
share.
It
has
a
Morningstar
Rating
of
2
stars.

MFE-MediaForEurope
Class
B

Italian
broadcasting
company
MediaForEurope
rose
25.9%
in
the
second
quarter
and
gained
22.4%
over
the
past
12
months.
Trading
at
€4.05
per
share,
MFE
stock
has
a
forward
dividend
yield
of
6.17%
and
a
trailing
12-month
dividend
of
€0.25
per
share.
It
has
a
quantitative
Morningstar
Rating
of
4
stars.

Banco
de
Sabadell

Spanish
bank
Banco
de
Sabadell
rose
25.8%
in
the
second
quarter
and
gained
76.5%
over
the
past
12
months.
Trading
at
€1.80
per
share,
Banco
de
Sabadell
stock
has
a
forward
dividend
yield
of
3.33%
and
pays
investors
a
trailing
12-month
dividend
of
€0.03
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Van
Lanschot
Kempen

Dutch
bank
Van
Lanschot
Kempen
gained
25.4%
in
the
second
quarter
and
rose
35.2%
over
the
past
12
months.
The
stock’s
€37.50
price
gives
it
a
forward
dividend
yield
of
10.67%.
Van
Lanschot
Kempen
pays
investors
a
trailing
12-month
dividend
of
€3.75
per
share.
The
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Unipol
Gruppo

Italian
insurance
firm
Unipol
rose
24.4%
in
the
second
quarter
and
gained
97.5%
over
the
past
12
months.
At
€9.28
per
share,
Unipol
has
a
forward
dividend
yield
of
4.09%
and
a
trailing
12-month
dividend
of
€0.37
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.

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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