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Dividend investor – 30 high dividend yield companies in Europe

With interest rates around the world at record low levels I thought you would like a few investment ideas of European companies with a high dividend yield.

As you know not all high dividend yield companies make a good investment, you also have to make sure the company can continue to pay the high dividend in future and this is exactly what this list does.

It gives you a list of quality European companies that have an attractive dividend yield.

 

How the list was put together

Before I get to the list of companies first some information on how the list was selected.

This is what I screened for:

  • Selected all the main markets in Europe, Scandinavia, UK and Switzerland (I excluded Greece)
  • Selected companies with a daily traded volume of at least €125,000 and a market value larger than €65 million (you must be able to easily buy and sell the shares).
  • To ensure only quality companies are selected companies with a low gross profit margin were excluded (Gross Margin Novy Marx).
  • Also excluded were companies with a Piotroski F-Score of less than 5 (low quality companies).
  • The 40% of companies with the highest dividend yield were included.
  • To make sure the dividend is sustainable I only included companies with a high free cash flow yield and a high dividend cover ratio.
  • I sorted the output of the screener from high to low by dividend yield.

 

All the above ratios are fully explained on the Glossary page

 

This is what the screen looks like:

QualEurDiv_1_screen 

Click image to make it larger
Source: Quant Investing screener

  

You can select your own criteria

The above screen is just an example and you can of course set your own criteria when looking for high dividend yield companies. The screener has over 110 ratios and indicators you can choose from.

 

15 highest dividend yield companies

Here is a list of the first 15 highest dividend yield companies the screen came up with:

QualEurDiv_1_first15 

Click image to make it larger
Source: Quant Investing screener

 

Attractive dividend yield of 5.73%

As you can see the dividends are quite attractive with the highest dividend yield of 5.73%, and that in spite of the quality factors (Piotroski F-Score and Dividend Coverage) I have included in the screen.

 

The next 15 high dividend yield companies

QualEurDiv_1_2nd15 

Click image to make it larger
Source: Quant Investing screener

 

Please always do your fact checking

As with all screens this is just a list of companies. Please do your own analysis and fact checking to make sure the company is correctly included in the list.

 

Your European high dividend yield analyst

Wishing you profitable investing

 

Tim_sign3

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