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	€23.40	0.43%	5.40	22.98%	1.02B
Enagás ENG.MC	€17.69	0.06%	1.00	5.68%	4.60B
Endesa ELE.MC	€38.03	0.42%	1.58	4.18%	38.96B
Mapfre MAP.MC	€4.24	0.47%	0.18	4.32%	12.99B
CaixaBank CABK.MC	€12.65	0.60%	0.50	4.06%	88.04B
Metrovacesa MVC.MC	€11.16	0.71%	0.00	0.00%	1.69B
Logista (Compañía de Distribución Integral Logista) LOG.MC	€33.52	0.30%	2.01	5.93%	4.43B
Bankinter BKT.MC	€15.08	0.57%	0.46	3.04%	13.55B
Red Eléctrica RED.MC	€15.30	0.13%	0.80	5.31%	8.27B
Acerinox ACX.MC	€16.77	0.12%	0.62	3.69%	4.18B
Banco Bilbao Vizcaya Argentaria BBVA	$24.48	0.04%	1.08	4.42%	135.87B
Naturgy NTGY.MC	€28.54	0.28%	2.37	8.29%	26.44B
Ebro Foods EBRO.MC	€17.82	0.11%	0.00	0.00%	2.74B
Repsol REP.MC	€21.55	1.32%	1.10	5.06%	23.62B
Gestamp Automoción GEST.MC	€3.08	0.33%	0.08	2.62%	1.75B
Grupo ACS ACS.MC	€130.50	0.08%	0.00	0.00%	34.71B
Aena AENA.MC	€26.70	1.26%	1.09	4.08%	40.05B
Inmobiliaria Colonial COL.MC	€5.64	0.18%	0.30	5.27%	3.45B
Iberdrola IBE.MC	€20.83	0.05%	0.68	3.30%	137.28B
Prosegur PSG.MC	€2.69	0.75%	0.16	5.89%	1.43B
Unicaja Banco UNI.MC	€3.15	0.96%	0.17	5.67%	8.10B
Sacyr SCYR.MC	€4.72	0.08%	0.20	4.28%	3.77B
Fomento de Construcciones y Contratas FCC.MC	€12.02	0.17%	0.50	4.24%	5.68B
Santander SAN	$13.50	1.28%	0.28	2.08%	193.86B
Acciona ANA.MC	€281.20	5.40%	5.65	2.24%	15.33B
Banco Sabadell SAB.MC	€3.13	0.03%	0.20	6.66%	15.29B
Acciona Energías Renovables ANE.MC	€23.48	3.35%	0.03	0.13%	7.62B
CIE Automotive CIE.MC	€27.65	0.72%	0.94	3.28%	3.28B
Viscofan VIS.MC	€57.40	0.00%	3.28	5.63%	2.57B
Inditex IDEXY	$16.18	0.37%	0.51	3.17%	201.56B
Fluidra FDR.MC	€19.19	1.39%	0.00	0.00%	3.64B
Prosegur Cash CASH.MC	€0.629	1.26%	0.04	6.77%	919.94M
Construcciones y Auxiliar de Ferrocarriles CAF.MC	€62.50	0.32%	0.00	0.00%	2.14B
Pharma Mar PHM.MC	€69.50	0.22%	0.00	0.00%	1.20B
Ferrovial FER.MC	€60.32	0.40%	1.43	2.39%	43.19B
Amadeus IT Group AMS.MC	€51.58	0.35%	1.54	2.95%	22.17B
Merlin Properties MRL.MC	€15.44	1.11%	0.22	1.41%	9.56B
Laboratorios Farmaceuticos Rovi ROVI.MC	€58.00	0.51%	0.96	1.64%	2.97B
EDP Renováveis EDPR.LS	€13.67	1.11%	0.12	0.93%	14.49B
Vidrala VID.MC	€79.70	0.62%	1.70	2.15%	2.75B
Indra Sistemas IDR.MC	€55.06	2.46%	0.00	0.00%	9.64B
Faes Farma FAE.MC	€4.56	0.66%	0.00	0.00%	1.42B