Spanish company Enagas (ES: English) and Acerinox (ES:ACX) currently offers a dividend yield of over 6%. In addition, the company is ranked among the top 10 companies with the highest dividend payouts in Spain.
When it comes to potential capital gains, Energus doesn’t offer investors a big opportunity, and analysts rate the stock as a “moderate sell.” On the other hand, Acerinox received a ‘strong buy’ rating, indicating growth potential of over 30%.
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Here we used TipRank Spain’s Top Dividend Stocks Select these companies. The tool allows users to select leading dividend companies in a given market and compare them based on various key factors such as analyst recommendations, target price, dividend yield and other relevant metrics. can.
Let’s look at some details.
Energus SA
Enagas is a Spanish electricity company that owns the country’s national gas grid. The company is engaged in the business of natural gas transportation and infrastructure development.
The company boasts dividend The yield is 7.75%, well above the industry average of just 3%. The company’s annual dividend per share was 1.72 euros in 2022, but based on the company’s forecasts, it could be increased to 1.74 euros per share in 2023. The company plans to pay an interim dividend of EUR 0.87 per share in July 2023.
Going forward, management has pledged to keep the dividend at €1.74 per share until 2026, making it an attractive option for income investors.
Energus stock price prediction
According to TipRanks, english stock It has a “moderate sell” rating based on 3 sell recommendations, 1 hold recommendation, and 1 buy recommendation.
The average price target is €15.91, 10.3% below current price levels.
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Acerinox, SA
Acerinox is one of the world’s leading stainless steel manufacturers. About half of the company’s revenue comes from the North America region.
The company has released its annual report for 2022. dividend €0.60 per share, representing a significant increase of 20% year-on-year. For 2023, the company has so far paid a dividend of €0.24 per share in January. The company’s dividend yield of 6.48% is quite impressive, compared to the industry average of 1.87%.
Acerinox stock price prediction
According to TipRanks, ACX stock has a ‘strong buy’ rating based on 3 buy recommendations and 1 hold recommendation.
Analysts are projecting a 32.5% growth from the current share price, with an average price forecast of €12.98.
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Conclusion
Investors looking for additional passive income may consider adding these to their portfolio. Among these stocks, the analyst gave his ACX a ‘strong buy’ rating, indicating positive growth potential. On the other hand, ENG is rated as a ‘moderate sell’, suggesting a potential drop in the stock price.