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Which European Stocks Pay Dividends in May 2026?

SAP, L’Oreal and Allianz are among 30 large-cap European companies set to pay dividends this May.

Illustration in the form of a collage with a euro coin, a tableau showing a positive trend in the market and a building for employees.

Key Takeaways

  • 30 European large-cap companies are set to pay dividends.
  • The highest yielding dividend payer is BNP Paribas, while the lowest-yielding is Rheinmetall.
  • Two of the dividend-paying stocks are rated 5 star by Morningstar, suggesting they are under-valued.

Each month, Morningstar screens the 100 largest European companies by market capitalization in the Morningstar Europe Index to see which ones are due to pay a dividend. In May, 30 European stocks will make payouts to investors.

Industria de Diseño Textil ITX

Analyst: Jelena Sokolova, CFA

L’Oreal OR

Analyst: Dan Su, CFA

Banco Santander SAN

Analyst: Johann Scholtz, CFA

NatWest Group NWG

Analyst: Niklas Kammer, CFA

Engie ENGI

Analyst: Tancrede Fulop, CFA

Heineken HEIA

Analyst: Verushka Shetty

Atlas Copco ATCO A

Analyst: Joachim Kotze, CFA

Danone BN

Analyst: Diana Radu, CFA

BASF BAS

Analyst: Joshua Aguilar

Sanofi SAN

Analyst: Jay Lee

SAP SAP

Analyst: Rob Hales, CFA

Deutsche Post DHL

Analyst: Matthew Young, CFA

Anheuser-Busch InBev ABI

Analyst: Verushka Shetty

Allianz ALV

Analyst: Henry Heathfield, CFA

Schneider Electric SU

Analyst: Matthew Donen, CFA

AXA CS

Analyst: Henry Heathfield, CFA

Rheinmetall RHM

Analyst: Loredana Muharremi, CFA

Lonza Group LONN

Analyst: Rachel Elfman

Bayerische Motoren Werke BMW

Analyst: Rella Suskin, CFA

Lloyds Banking Group LLOY

Analyst: Niklas Kammer, CFA

Deutsche Börse DB1

Analyst: Niklas Kammer, CFA

Air Liquide AI

Analyst: Krzysztof Smalec, CFA

Intesa Sanpaolo ISP

Analyst: Johann Scholtz, CFA

BNP Paribas BNP

Analyst: Johann Scholtz, CFA

London Stock Exchange Group LSEG

Analyst: Niklas Kammer, CFA

Thales HO

Analyst: Loredana Muharremi, CFA

Generali G

Analyst: Henry Heathfield, CFA

Safran SAF

Analyst: Loredana Muharremi, CFA

Credit Agricole ACA

Analyst: Johann Scholtz, CFA

Dassault Systemes DSY

Analyst: Rob Hales, CFA

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies.