Spanish Dividend Stocks List: High-Yield ES Companies

Spain has its own dedicated high-yield benchmark — the IBEX TOP DIVIDENDO® — which tracks the 25 highest-yielding stocks drawn from the IBEX 35, IBEX Medium Cap, and IBEX Small Cap indices, provided they have paid ordinary dividends for at least two consecutive years. This makes the Spanish equity market one of the few in Europe with an official dividend-focused sub-index managed by its own exchange operator, Bolsas y Mercados Españoles (BME).

All stocks trade in EUR on the Bolsa de Madrid. The IBEX 35, Spain’s main benchmark inaugurated on January 14, 1992, is heavily weighted toward finance, telecommunications, and energy — sectors that historically deliver the highest payouts. Key Spanish dividend stocks by sector include:

• Banking: Banco Santander, BBVA, CaixaBank, Banco Sabadell
• Utilities: Iberdrola, Endesa, Enagás, Redeia (formerly Red Eléctrica)
• Energy: Repsol (integrated oil & gas)
• Telecom: Telefónica (operating brands like Movistar, O2, and Vivo across Europe and Latin America)
• Insurance: Mapfre
• Real estate: Merlin Properties (structured as a SOCIMI, Spain’s REIT equivalent)

There is no Spain-specific Dividend Aristocrats index. Spanish companies can qualify through pan-European frameworks such as the S&P Europe 350 Dividend Aristocrats, which requires 10 or more consecutive years of dividend increases — a lower bar than the 25-year requirement for U.S. Aristocrats.

The table below lists leading Spanish dividend-paying companies by market capitalization, primarily traded on Bolsa de Madrid. The data — including yield, payout ratio, and share price — updates regularly to reflect current market conditions.

Spanish dividend stocks list

Stock	Price	Change %	Dividend Rate	Dividend Yield	Marketcap
Aedas Homes AEDAS.MC	€21.20	0.93%	5.40	23.63%	919.71M
Enagás ENG.MC	€16.80	0.36%	1.00	5.93%	4.37B
Endesa ELE.MC	€41.64	0.14%	1.58	3.81%	42.56B
Mapfre MAP.MC	€4.45	1.04%	0.18	4.08%	13.65B
CaixaBank CABK.MC	€12.76	1.03%	0.50	3.96%	88.71B
Metrovacesa MVC.MC	€10.82	0.55%	2.02	18.57%	1.64B
Logista (Compañía de Distribución Integral Logista) LOG.MC	€36.26	0.77%	2.01	5.43%	4.79B
Bankinter BKT.MC	€16.26	1.43%	0.77	4.79%	14.61B
Red Eléctrica RED.MC	€15.37	0.58%	0.80	5.22%	8.29B
Acerinox ACX.MC	€18.48	1.37%	0.62	3.40%	4.60B
Banco Bilbao Vizcaya Argentaria BBVA	$28.03	0.32%	1.08	3.86%	154.68B
Naturgy NTGY.MC	€28.66	0.99%	2.40	8.29%	26.55B
Ebro Foods EBRO.MC	€18.34	0.11%	0.92	5.02%	2.82B
Repsol REP.MC	€25.35	1.52%	1.10	4.28%	27.62B
Gestamp Automoción GEST.MC	€3.03	1.00%	0.08	2.74%	1.72B
Grupo ACS ACS.MC	€109.90	0.81%	2.32	2.10%	29.17B
Aena AENA.MC	€26.90	0.82%	1.09	4.09%	40.35B
Inmobiliaria Colonial COL.MC	€5.59	0.89%	0.32	5.67%	3.50B
Iberdrola IBE.MC	€20.58	0.05%	0.68	3.29%	137.33B
Prosegur PSG.MC	€3.00	0.33%	0.16	5.27%	1.60B
Unicaja Banco UNI.MC	€3.45	0.64%	0.17	5.19%	8.85B
Sacyr SCYR.MC	€4.65	1.32%	0.20	4.26%	3.70B
Fomento de Construcciones y Contratas FCC.MC	€11.16	0.89%	0.50	4.40%	5.28B
Santander SAN	$14.64	1.14%	0.28	1.97%	209.05B
Acciona ANA.MC	€209.00	2.61%	5.75	2.68%	11.12B
Banco Sabadell SAB.MC	€3.40	0.12%	0.20	6.15%	16.21B
Acciona Energías Renovables ANE.MC	€20.14	2.99%	0.03	0.14%	6.54B
CIE Automotive CIE.MC	€25.90	1.15%	0.94	3.55%	3.07B
Viscofan VIS.MC	€56.60	0.35%	3.28	5.72%	2.58B
Inditex IDEXY	$16.86	0.42%	0.51	3.05%	209.97B
Fluidra FDR.MC	€20.26	2.07%	0.65	3.27%	3.85B
Prosegur Cash CASH.MC	€0.665	1.63%	0.04	6.34%	972.59M
Construcciones y Auxiliar de Ferrocarriles CAF.MC	€68.30	2.84%	1.52	2.22%	2.34B
Pharma Mar PHM.MC	€77.05	2.22%	1.00	1.27%	1.33B
Ferrovial FER.MC	€57.78	0.24%	1.43	2.52%	41.66B
Amadeus IT Group AMS.MC	€57.56	1.88%	1.54	2.89%	24.17B
Merlin Properties MRL.MC	€14.82	0.54%	0.22	1.43%	9.18B
Laboratorios Farmaceuticos Rovi ROVI.MC	€58.65	0.51%	0.96	1.63%	3.00B
EDP Renováveis EDPR.LS	€13.22	1.78%	0.12	0.92%	14.01B
Vidrala VID.MC	€88.10	0.57%	1.70	1.94%	3.04B
Indra Sistemas IDR.MC	€61.42	3.05%	0.30	0.50%	10.76B
Faes Farma FAE.MC	€4.51	0.22%	0.13	2.81%	1.40B