ATLASBest Dividend Stocks in Spain (October 2026)
ATLAS screened 130 listed companies in Spain. 38 pass the dividend filters: a yield between 1% and 15%, positive earnings and a payout of no more than 100% of profit. Their median yield is 2.42%. The table ranks the top 25 by yield and shows, next to each, how far the price sits from ATLAS fair value and the model probability of a higher close in a month.
Data as of Oct 27, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.
| # | Company | Price | Dividend yield |
|---|---|---|---|
| 1 | UNI.MCUnicaja Banco | €3.17 | 5.95% |
| 2 | ALNT.MCAlantra Partners | €8.70 | 5.59% |
| 3 | LOG.MCCia de Distribucion Integral | €37.08 | 5.49% |
| 4 | PSG.MCProsegur | €3.01 | 5.26% |
| 5 | AENA.MCAena | €26.62 | 4.15% |
| 6 | RED.MCRedeia Corporacion | €15.02 | 4.10% |
| 7 | NTGY.MCNaturgy Energy | €30.54 | 3.85% |
| 8 | EBRO.MCEbro Foods | €18.22 | 3.80% |
| 9 | FDR.MCFluidra | €18.06 | 3.66% |
| 10 | REP.MCRepsol | €29.45 | 3.65% |
| 11 | ENG.MCEnagás | €17.53 | 3.56% |
| 12 | CBAV.MCClinica Baviera | €53.00 | 2.89% |
| 13 | CABK.MCCaixabank | €11.46 | 2.83% |
| 14 | ANA.MCAcciona | €209.60 | 2.69% |
| 15 | BBVA.MCBanco Bilbao Vizcaya Argentaria | €22.73 | 2.64% |
| 16 | CIRSA.MCCirsa Enterprises SAU | €17.88 | 2.58% |
| 17 | ELE.MCEndesa | €43.85 | 2.57% |
| 18 | ACS.MCACS Actividades de Construccion y Servicios | €90.15 | 2.57% |
| 19 | MAP.MCMapfre | €4.31 | 2.54% |
| 20 | LDA.MCLinea Directa Aseguradora SA Compania de Seguros y Reaseguros | €1.23 | 2.29% |
| 21 | ITX.MCIndustria de Diseno Textil | €57.24 | 2.16% |
| 22 | DOM.MCGlobal Dominion Access | €2.58 | 2.04% |
| 23 | IAG.MCInternational Consolidated Airlines | €4.91 | 2.01% |
| 24 | IBE.MCIberdrola | €21.97 | 1.98% |
| 25 | CAF.MCConstrucciones y Auxiliar de Ferrocarriles | €78.30 | 1.96% |
Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.
The top 10 in a sentence
- Unicaja Banco (UNI.MC) yields 5.95% at today's price with a P/E of 12.5, which means roughly 75% of earnings goes to dividends. It trades 8% above ATLAS fair value. ATLAS gives it a 52% chance of closing higher in a month.
- Alantra Partners (ALNT.MC) yields 5.59% at today's price with a P/E of 14.0, which means roughly 78% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. It trades 63% above ATLAS fair value. ATLAS gives it a 55% chance of closing higher in a month.
- Cia de Distribucion Integral (LOG.MC) yields 5.49% at today's price with a P/E of 17.7, which means roughly 97% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 32% below its fair value. ATLAS gives it a 55% chance of closing higher in a month.
- Prosegur (PSG.MC) yields 5.26% at today's price with a P/E of 13.7, which means roughly 72% of earnings goes to dividends. ATLAS puts it 65% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- Aena (AENA.MC) yields 4.15% at today's price with a P/E of 4.4, which means roughly 18% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. ATLAS puts it 23% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- Redeia Corporacion (RED.MC) yields 4.10% at today's price with a P/E of 16.5, which means roughly 68% of earnings goes to dividends. ATLAS puts it 26% below its fair value. ATLAS gives it a 56% chance of closing higher in a month.
- Naturgy Energy (NTGY.MC) yields 3.85% at today's price with a P/E of 14.1, which means roughly 54% of earnings goes to dividends. ATLAS puts it 31% below its fair value. ATLAS gives it a 54% chance of closing higher in a month.
- Ebro Foods (EBRO.MC) yields 3.80% at today's price with a P/E of 12.6, which means roughly 48% of earnings goes to dividends. ATLAS puts it 28% below its fair value. ATLAS gives it a 58% chance of closing higher in a month.
- Fluidra (FDR.MC) yields 3.66% at today's price with a P/E of 20.3, which means roughly 74% of earnings goes to dividends. ATLAS puts it 27% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- Repsol (REP.MC) yields 3.65% at today's price with a P/E of 8.1, which means roughly 30% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. ATLAS puts it 20% below its fair value. ATLAS gives it a 51% chance of closing higher in a month.
How ATLAS ranks dividend stocks in Spain
Yield is the dividends paid over the last twelve months divided by today's price, taken from stored company data. We keep companies with a market value above USD 300 million and enough trading volume, a yield between 1% and 15% (above that the market is usually pricing in a cut), a positive profit margin and a positive P/E.
The payout check is simple: yield multiplied by P/E approximates the share of earnings paid out. Anything above 100% is dropped, because a dividend that exceeds what the company earns is hard to keep. What is left is sorted by yield.
Limits: a high yield can also mean a falling price. Yields are trailing figures, not promises, and companies can cut or skip dividends. Withholding tax, currency effects and your own tax situation are not included. The probability of a higher close comes from ATLAS's calibrated one-month model, which gives most stocks a figure close to 50%, so do not read it as a forecast. This is information, not investment advice.
Frequently asked questions
What are the best dividend stocks in Spain?
Of 38 companies that pass ATLAS dividend filters in Spain, the highest yields in October 2026 belong to Unicaja Banco, Alantra Partners, and Cia de Distribucion Integral. The top of the table yields 5.95% and the 25 listed go down to 1.96%. A higher yield is not automatically better: check the payout and whether the price is above fair value.
How does ATLAS pick dividend stocks?
It starts from every published company in Spain (130), keeps those with a yield between 1% and 15%, positive earnings and a payout under 100%, and ranks them by yield. Fair value and probability are shown for context and do not change the order.
Is a high dividend yield safe?
Not necessarily. Yield rises when the price falls, so a very high figure can signal that investors expect a cut. That is why ATLAS caps the yield at 15% and drops payouts above 100% of profit. Even so, dividends are never guaranteed.
What is the typical dividend yield in Spain?
Among the 38 companies that pass the filters the median yield is 2.42%, with a median P/E of 15.4. 8 of them are in Industrials, the most represented sector.
How often is this list updated?
Prices, ratios and fair values come from ATLAS's stored data, refreshed every day, and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.
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Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer