As the European Central Bank's recent rate cuts fuel optimism for further monetary easing, France's CAC 40 Index has shown modest gains amidst a backdrop of lower-than-anticipated inflation across the Eurozone. In this environment, dividend stocks on Euronext Paris can offer appealing opportunities for income-focused investors seeking stability and yield, particularly when market conditions are influenced by central bank policies.

Top 10 Dividend Stocks In France

Click here to see the full list of 32 stocks from our Top Euronext Paris Dividend Stocks screener.

We'll examine a selection from our screener results.

Bénéteau

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Bénéteau S.A. designs, manufactures, and sells boats and leisure homes in France and internationally, with a market cap of €814.45 million.

Operations: Bénéteau S.A.'s revenue primarily comes from its boat segment, which generated €1.21 billion.

Dividend Yield: 7.2%

Bénéteau offers a high dividend yield of 7.23%, placing it in the top 25% of French dividend payers, though its dividends have been volatile and not fully covered by free cash flows. The payout ratio is reasonable at 65.8%, but recent earnings reports show a decline in sales to €556.64 million and net income to €49.45 million for the half year ended June 2024, which may impact future dividends' sustainability despite analysts' positive price outlooks.

• Take a closer look at Bénéteau's potential here in our dividend report.
• Our expertly prepared valuation report Bénéteau implies its share price may be lower than expected.

Eiffage

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Eiffage SA operates in construction, property and urban development, civil engineering, metallic construction, roads, energy systems, and concessions both in France and internationally with a market cap of €8.58 billion.

Operations: Eiffage SA generates its revenue from several segments, including Concessions (€4.04 billion), Construction (€4.01 billion), Energy Systems (€6.49 billion), and Infrastructures (€8.78 billion).

Dividend Yield: 4.6%

Eiffage's dividend yield of 4.56% is below the top 25% of French dividend payers, but its dividends are well covered by earnings and cash flows, with payout ratios at 38.6% and 16.4%, respectively. Despite a volatile and unstable dividend history over the past decade, recent earnings show sales growth to €11.41 billion for H1 2024, though net income slightly decreased to €382 million. The stock trades significantly below fair value estimates with positive analyst outlooks.

• Unlock comprehensive insights into our analysis of Eiffage stock in this dividend report.
• Upon reviewing our latest valuation report, Eiffage's share price might be too pessimistic.

Rubis

Simply Wall St Dividend Rating: ★★★★★★

Overview: Rubis operates bulk liquid storage facilities for commercial and industrial customers across Europe, Africa, and the Caribbean with a market cap of €2.60 billion.

Operations: Rubis generates revenue primarily from Energy Distribution (€6.60 billion) and Renewable Electricity Production (€48.02 million).

Dividend Yield: 7.9%

Rubis offers a high dividend yield of 7.92%, placing it among the top 25% of French dividend payers, with stable and reliable payments over the past decade. Its dividends are well-covered by both earnings and cash flows, with payout ratios at 65.4% and 58.5%, respectively. Despite a recent dip in net income to €129.5 million for H1 2024, Rubis continues to trade at a favorable price-to-earnings ratio of 8.3x compared to the market average of 14.3x, although its high debt level warrants attention amidst ongoing acquisition plans in Africa and the Caribbean.

• Click to explore a detailed breakdown of our findings in Rubis' dividend report.
• The analysis detailed in our Rubis valuation report hints at an deflated share price compared to its estimated value.

Turning Ideas Into Actions

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ENXTPA:BEN ENXTPA:FGR and ENXTPA:RUI.

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