Dividend-paying stocks that combine healthy balance sheets with hefty yields can provide investors with steady incomes, cushion against market downturns, and grow investments at a healthy clip.
In April 2025, the top-performing dividend-payers included Austrian industrial distributor Andritz ANDR, German medical supplies company Fielmann Group FIE, and Belgian regulated electric company Elia Group ELI.
To find the quarter’s 10 best-performing income-focused stocks, we screened the Morningstar Eurozone Index—which measures the performance of the eurozone’s broad regional markets, targeting the top 97% of stocks by market capitalization—for companies with a forward dividend yield of at least 1.5%, excluding real estate investment trusts.
The Best-Performing Eurozone Dividend Stocks of April 2025
1. Andritz ANDR
2. Fielmann Group FIE
3. Elia Group SA/NV ELI
4. Verbio VBK
5. Prosegur Compañia de Seguridad PSG
6. Vonovia Finance VNA
7. Strabag STR
8. Aéroports de Paris ADP
9. Royal BAM Group BAMNB
10. LEG Immobilien LEG
Best-Performing Dividend Stocks in the Eurozone
Source: Morningstar Direct. Data as of April 30, 2025.
How Have Dividend Stocks Performed?
The Morningstar Eurozone Dividend Yield Focus Index, which tracks the performance of high-quality, dividend-paying stocks listed in Europe, rose 1.7% over the past month and 19.6% over the past year.
1-Year Performance of Dividend Stocks in the Eurozone
Source: Morningstar Direct. Data as of April 30, 2025.
The overall eurozone stock market, as measured by the Morningstar Eurozone Index, was roughly flat on the month, but has risen 9.9% on the year.
Yields and Metrics for April’s Best-Performing Dividend Stocks
Andritz
Austrian industrial distributor Andritz rose 22.0% in April and gained 27.7% over the past 12 months. Trading at EUR 61.90 per share, its stock has a forward dividend yield of 4.2%. Andritz pays investors a trailing 12-month dividend of EUR 2.60 per share. The stock has a quantitative Morningstar Rating of 4 stars.
Fielmann Group
German medical supplies company Fielmann rose 19.5% in April and gained 16.3% over the past 12 months. At EUR 52.50 per share, its stock has a forward dividend yield of 2.19% and a trailing 12-month dividend of EUR 1 per share. It has a quantitative Morningstar Rating of 3 stars.
Elia Group SA/NV
Belgian regulated electric company Elia gained 19.3% in April and rose 16.2% over the past 12 months. The stock’s EUR 93.20 price gives it a forward dividend yield of 2.08%. Elia pays investors a trailing 12-month dividend of EUR 1.89 per share. The stock has a quantitative Morningstar Rating of 3 stars.
Verbio
German specialty chemicals company Verbio rose 18.4% in April and lost 46.1% over the past 12 months. Trading at EUR 10.60 per share, Verbio stock has a forward dividend yield of 1.89% and a trailing 12-month dividend of EUR 0.40 per share. It has a quantitative Morningstar Rating of 3 stars.
Prosegur Compañia de Seguridad
Spanish security and protection services firm Prosegur Compañia de Seguridad gained 17.2% in April and rose 57.3% over the past 12 months. Trading at EUR 2.44 per share, its forward dividend yield is 6.23%. Prosegur Compañia de Seguridad pays investors a trailing 12-month dividend of EUR 0.15 per share. It has a quantitative Morningstar Rating of 3 stars.
Vonovia Finance
German real estate company Vonovia Finance gained 17.1% in April and rose 10.9% over the past 12 months. At EUR 29.30 per share, Vonovia Finance stock has a forward dividend yield of 4.16% and a trailing 12-month dividend of EUR 0.90 per share. It has a quantitative Morningstar Rating of 5 stars.
Strabag
Austrian engineering and construction company Strabag rose 16.9% in April and gained 99.2% over the past 12 months. Trading at EUR 82.90 per share, Strabag stock has a forward dividend yield of 3.02% and a trailing 12-month dividend of EUR 2.20 per share. It has a quantitative Morningstar Rating of 3 stars.
Aéroports de Paris
French air services company Aéroports de Paris rose 16.9% in April and lost 4.9% over the past 12 months. Trading at EUR 112.70 per share, Aéroports de Paris stock has a forward dividend yield of 2.66% and pays investors a trailing 12-month dividend of EUR 3.82 per share. The stock has a quantitative Morningstar Rating of 5 stars.
Royal BAM Group
Dutch engineering and construction company Royal BAM gained 15.6% in April and rose 55.2% over the past 12 months. The stock’s EUR 6.16 price gives it a forward dividend yield of 4.06%. Royal pays investors a trailing 12-month dividend of EUR 0.20 per share. The stock has a quantitative Morningstar Rating of 3 stars.
LEG Immobilien
German real estate company LEG Immobilien rose 13.9% in April and lost 3.7% over the past 12 months. At EUR 75.25 per share, LEG Immobilien has a forward dividend yield of 3.59% and a trailing 12-month dividend of EUR 2.45 per share. It has a quantitative Morningstar Rating of 5 stars.
What Is the Morningstar Eurozone Index?
The Morningstar Eurozone Index measures the performance of the eurozone’s broad regional markets, targeting the top 97% of stocks by market capitalisation. The index does not incorporate environmental, social, or governance criteria.
What Is the Morningstar Eurozone Dividend Yield Focus Index?
The Morningstar Eurozone Dividend Yield Focus Index captures the performance of a portfolio of high-quality, dividend-paying securities.
It’s a subset of the Morningstar Eurozone index (which represents 97% of the equity market capitalization) that includes only stocks that pay dividends. The stocks are screened for economic moat and financial strength compared to others in their sector. Real estate investment trusts are excluded.
From there, the 25 highest-yielding stocks are included in the index, weighted by the dollar value of the dividends. See the full rulebook here.
The Best Dividend Stock Leaders: More Ideas to Consider
Investors who would like to uncover more top-performing or cheap dividend stocks to research further can do the following:
• Review the full list of Dividend stocks included in the Morningstar Eurozone Dividend Yield Focus index. Those dividend stocks with Morningstar Ratings of 4 or 5 stars are undervalued, according to our metrics.
• Read our monthly analysis of the latest dividend moves among the top FTSE 100 dividend payers.
• Use our Morningstar Screener tool to find the best dividend stocks according to your specific criteria. You can search for stocks based on their dividend yields, valuation measures such as price/earnings, and more.
• Use Morningstar Portfolio Manager to build a watchlist of the best dividend stocks and create a view that allows you to easily follow the valuations, ratings, and dividend yields of the stocks in your list.
• When it comes to buying stocks, it’s more than just dividends. Read here how valuations and competitive advantages—known as economic moats—matter when it comes to a stock’s potential for outperformance.
• Read Morningstar’s Guide to Stock Investing to learn how our approach to investing can inform your stock-picking process.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
This article was compiled by Bella Albrecht, edited by Lauren Solberg, and reviewed by Sunniva Kolostyak.
This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar’s use of automation.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies.
