Middle Eastern Dividend Stocks To Consider In May 2026

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As geopolitical tensions continue to influence the Middle Eastern markets, UAE stocks have shown resilience with slight gains, despite ongoing diplomatic challenges between Iran and the United States. In this environment, dividend stocks can offer a sense of stability and income potential for investors seeking to navigate these uncertain times.

Top 10 Dividend Stocks In The Middle East

Name Dividend Yield Dividend Rating
Turkiye Garanti Bankasi (IBSE:GARAN) 3.28% ★★★★★☆
Saudi Awwal Bank (SASE:1060) 5.88% ★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI) 8.05% ★★★★★☆
Emirates Insurance Company P.J.S.C (ADX:EIC) 7.89% ★★★★★★
Emaar Properties PJSC (DFM:EMAAR) 8.47% ★★★★★☆
Dubai Insurance Company (P.S.C.) (DFM:DIN) 5.88% ★★★★★☆
Computer Direct Group (TASE:CMDR) 5.34% ★★★★★☆
Arab National Bank (SASE:1080) 6.00% ★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 5.24% ★★★★★☆
Akbank T.A.S (IBSE:AKBNK) 3.01% ★★★★★☆

Let's take a closer look at a couple of our picks from the screened companies.

Akbank T.A.S (IBSE:AKBNK)

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

Overview: Akbank T.A.S., along with its subsidiaries, offers a range of banking products and services both in Turkey and internationally, with a market cap of TRY380.64 billion.

Operations: Akbank T.A.S. generates revenue through a diverse array of banking products and services offered both domestically and internationally.

Dividend Yield: 3%

Akbank T.A.S. has shown a consistent increase in dividend payments over the past decade, although they have been volatile and unreliable at times. The current dividend yield is competitive within the Turkish market, supported by a low payout ratio of 20%, indicating sustainability. Recent earnings growth of 46% and favorable valuation metrics such as a price-to-earnings ratio of 6.1x enhance its appeal as a dividend stock despite challenges like high non-performing loans at 3.4%.

    IBSE:AKBNK Dividend History as at May 2026
    IBSE:AKBNK Dividend History as at May 2026

    Turkiye Garanti Bankasi (IBSE:GARAN)

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

    Overview: Turkiye Garanti Bankasi A.S. offers a range of banking products and services in Turkey, with a market capitalization of TRY561.96 billion.

    Operations: Turkiye Garanti Bankasi A.S. generates revenue from Retail Banking (TRY233.75 billion), Corporate Banking (TRY207.92 billion), and Investment Banking (-TRY165.35 billion).

    Dividend Yield: 3.3%

    Turkiye Garanti Bankasi's dividend yield of 3.28% ranks in the top 25% of Turkish payers, yet its historical volatility raises concerns about reliability. The low payout ratio of 17% suggests dividends are well covered by earnings, supporting sustainability despite a high level of non-performing loans at 3%. Recent earnings growth and trading below fair value enhance its appeal, although ongoing regulatory investigations could pose risks.

      IBSE:GARAN Dividend History as at May 2026
      IBSE:GARAN Dividend History as at May 2026

      Saudi Awwal Bank (SASE:1060)

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

      Overview: Saudi Awwal Bank, along with its subsidiaries, offers banking and financial services in Saudi Arabia and has a market cap of SAR69.95 billion.

      Operations: Saudi Awwal Bank generates revenue through its core banking and financial services operations in Saudi Arabia.

      Dividend Yield: 5.9%

      Saudi Awwal Bank's dividend yield is in the top 25% of Saudi payers, with a payout ratio of 50.9%, indicating dividends are covered by earnings. However, its dividend history shows volatility and unreliability over the past decade. Despite this, analysts predict continued coverage in three years with a lower payout ratio of 47.2%. Recent net income slightly declined to SAR 2.09 billion for Q1 2026 from SAR 2.14 billion last year, but dividends remain affirmed at SAR 1 per share for distribution on May 11, 2026.

        SASE:1060 Dividend History as at May 2026
        SASE:1060 Dividend History as at May 2026

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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.