Top 25 Spanish Dividend Stocks

by: David Hunkar

The IBEX 35 is the main stock market index of Spain. This index contains the 35 most liquid stocks traded on the Madrid Stock Exchange. In terms of performance, the IBEX 35 is down 8.6% year-to-date.

The IBEX Top Dvidendo Index includes the 25 companies with the highest dividend yield on the Spanish market. BBVA Asset management’s Accion IBEX Top Dividendo ETF (Ticker BBVAT in the domestic market) tracks this index.

The constituents of the Accion IBEX Top Dividendo ETF are listed below together with their ADR tickers and current yield (if available):

1. Banco Sabadell SA
2. Enagas
Current Dividend Yield: 1.94%
3. Gestevision Telecinco SA
4. Ferrovial SA
5. Bolsas Y Mercadoes Espanoles
Current Dividend Yield: 2.87%
6. Criteria Caixa Corp
7. Gas Natural SA
8. Fomento De Construcciones Contratas
9. Acciona, SA
10. Endesa (OTC:ELEYY)
11. Iberdrola (OTCPK:IBDRY)
Current Dividend Yield: 4.84%
12. Grupo Duro Felguera
13. Miquel Y Costas
14. ACS. Activifades Const. Y Servicios
15. Repsol (REP)
Current Dividend Yield: 4.95%
16. Telefonica (NYSE:TEF)
Current Dividend Yield: 6.37%
17. Unipapel
18. Viscofan
19. Zardoya Otis
20. BBVA
Current Dividend Yield: 5.72%
21. Banco Espanol De Credito
22. Banco Popular Espanol
23. Banco Santander SA (STD)
Current Dividend Yield: 8.90%
24. Mapfre (OTCPK:MPFRF)
25. Dinamia Capital Privado

Since most of the Spanish stocks mentioned above do not trade on the organized exchanges, US investors can get exposure to these and other top Spanish stocks via the iShares MSCI Spain ETF (NYSEARCA:EWP). The ETF has an asset base of $204M and contains 29 companies in the portfolio. Financials make up about 43% of the fund.