Top 10 Dividend Stocks of Q3 2024

To find the 10 best income-focused stocks of the quarter, we looked at the Morningstar Eurozone Index – which measures the performance of the broad regional markets of the eurozone, targeting the top 97% of stocks by market capitalization – for companies with a dividend yield term of at least 1.5%, excluding real estate investment trusts.

The Best Eurozone Dividend Stocks of Q3 2024

1. Corbion CRBN
2. Nexans NEX
3. Konecranes KCR
4. We build WBD
5. Orion ORNAV
6. Vonovia VNA
7. LEG Immobilien IS BOUND
8. Vaisala VAIAS
9. Fluidra FDR
10. Titan Cement International TITC

How have dividend stocks fared?

The Morningstar Eurozone Dividend Yield Focus Index, which tracks the performance of high-quality, dividend-paying stocks listed in Europe, is up 8.2% over the past month and 19.1% over the past year.

The global eurozone stock market, as measured by the Morningstar Eurozone index, gained 3.3% for the quarter and 21.0% for the year.

Yields and Values ​​for Q3’s Best-Performing Dividend Stocks

Raven
Dutch specialty chemicals company Corbion rose 36.8% in the third quarter and gained 39.6% over the past 12 months. Trading at €25.50 per share, its shares have a forward dividend yield of 2.39%. Corbion pays investors a trailing 12-month dividend of €0.61 per share. The stock has a Morningstar Quantitative Rating of 3 stars.

Nexans
French electrical equipment and parts company Nexans rose 27.9% in the third quarter and gained 73.8% over the past 12 months. At €131.30 per share, its shares have a forward dividend yield of 1.75% and a trailing 12-month dividend of €2.30 per share. It has a Morningstar quantitative rating of 3 stars.

Konecranes
Finnish heavy machinery company Konecranes gained 27.3% in the third quarter and is up 118.5% over the past 12 months. The share price of €67.60 gives it a forward dividend yield of 2.01%. Konecranes pays investors a trailing 12-month dividend of €1.35 per share. The stock has a Morningstar Quantitative Rating of 2 stars.

build
Italian engineering and construction company Webuild rose 23.9% in the third quarter and gained 54.8% over the past 12 months. Trading at €2.49 per share, Webuild shares have a forward dividend yield of 2.85% and a trailing 12-month dividend of €0.07 per share. It has a Morningstar quantitative rating of 3 stars.

Orion
Finnish drugmaker Orion gained 23.6% in the third quarter and is up 34.2% over the past 12 months. It trades at €47.50 per share, its forward dividend yield is 3.34%. Orion pays investors a trailing 12-month dividend of €0.81 per share. It has a Morningstar quantitative rating of 3 stars.

Vonovia
German real estate company Vonovia gained 23.3% in the third quarter and is up 47.4% over the past 12 months. At €33.56 per share, Vonovia shares have a forward dividend yield of 2.68% and a trailing 12-month dividend of €0.90 per share. It has a Morningstar quantitative rating of 3 stars.

LEG Immobilien SE
German real estate company LEG Immobilien SE rose 23.0% in the third quarter and has gained 47.3% over the past 12 months. Trading at €96.10 per share, LEG Immobilien SE shares have a forward dividend yield of 2.55% and a trailing 12-month dividend of €2.45 ​​per share. It has a Morningstar quantitative rating of 4 stars.

Vaisala
Finnish engineering tools company Vaisala rose 22.4% in the third quarter and gained 50.5% over the past 12 months. Trading at €49.25 per share, Vaisala shares have a forward dividend yield of 1.54% and pay investors a trailing 12-month dividend of €0.75 per share. The stock has a Morningstar Quantitative Rating of 2 stars.

Fluidra
Spanish specialty industrial machinery firm Fluidra gained 22.1% in the third quarter and is up 24.7% over the past 12 months. The share price of €23.04 gives it a forward dividend yield of 2.16%. Fluidra pays investors a 12-month dividend of EUR 0.65 per share. The stock has a Morningstar Quantitative Rating of 3 stars.

Titan Cement International
Belgian construction materials firm Titan Cement International rose 21.6% in the third quarter and gained 110.5% over the past 12 months. At €35 per share, Titan Cement International has a forward dividend yield of 2.43% and a trailing 12-month dividend of €0.85 per share. It has a Morningstar quantitative rating of 3 stars.

What is the Morningstar Eurozone Index?

The Morningstar Eurozone Index measures the performance of the broad regional markets of the eurozone, targeting the top 97% of stocks by market capitalization. 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 is a subset of the Morningstar Eurozone Index (which represents 97% of the equity market capitalization) that includes only dividend-paying stocks. Stocks are screened to determine economic strength 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 dividends. See the full regulation here.

Best Dividend Stock Leaders: More Ideas to Consider

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

• See 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 statistics.

• Read our monthly analysis of the latest dividend movements 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 dividend yields, valuation measures such as price/earnings, and more.

• Use Morningstar Portfolio Manager to create a watchlist of the best dividend stocks and create a visualization that lets you easily track the valuations, ratings and dividend yields of the stocks on your list.

• When it comes to buying stocks, there’s more to it 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 star rating, trench rating and other metrics to rate stocks.

Companies not formally covered by a Morningstar analyst are statistically correlated with 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 using automation and reviewed by Morningstar editors.