The IBEX 35 is the main stock market index of Spain. This index contains the 35 most liquid stocks traded on the Madrid Stock Exchange. In terms of performance, the IBEX 35 is down 8.6% year-to-date.
The IBEX Top Dvidendo Index includes the 25 companies with the highest dividend yield on the Spanish market. BBVA Asset management’s Accion IBEX Top Dividendo ETF(Ticker: BBVAT in the domestic market) tracks this index.
The constituents of the Accion IBEX Top Dividendo ETF are listed below together with their ADR ticker and the current yield if available:
1. Banco Sabadell SA (OTC: BNDSY)
2. Enagas (OTC: ENGGY)
Current Dividend Yield: 1.94%
3. Gestevision Telecinco SA (OTC: GETVY)
4. Ferrovial SA (OTC: FRRVY)
5. Bolsas Y Mercadoes Espanoles (OTC: BOLYY)
Current Dividend Yield: 2.87%
6. Criteria Caixa Corp (OTC: CIXPY)
7. Gas Natural SA (OTC: GASNY)
8. Fomento De Construcciones Contratas (OTC: FMOCY)
9. Acciona, SA
10. Endesa (OTC:ELEYY)
11. Iberdrola (OTC: IBDRY)
Current Dividend Yield: 4.84%
12. Grupo Duro Felguera
13. Miquel Y Costas
14. ACS. Activifades Const. Y Servicios (OTC: ACSAY)
15. Repsol (REP)
Current Dividend Yield: 4.95%
16. Telefonica (TEF)
Current Dividend Yield: 6.37%
17. Unipapel
18. Viscofan
19. Zardoya Otis
20. BBVA (BBVA)
Current Dividend Yield: 5.72%
21. Banco Espanol De Credito (OTC: BNSTY)
22. Banco Popular Espanol
23. Banco Santander SA (STD)
Current Dividend Yield: 8.90%
24. Mapfre (OTC: MPFRY)
25. Dinamia Capital Privado
Since most of the Spanish stocks mentioned above do not trade on the organized exchanges, US investors can get exposure to these and other top Spanish stocks via the iShares MSCI Spain ETF (EWP). The ETF has an asset base of $204M and contains 29 companies in the portfolio.Financials make up about 43% of the fund.
