ATLASBest Dividend Stocks in Portugal (October 2026)
ATLAS screened 23 listed companies in Portugal. 10 pass the dividend filters: a yield between 1% and 15%, positive earnings and a payout of no more than 100% of profit. Their median yield is 3.47%. The table ranks the top 25 by yield and shows, next to each, how far the price sits from ATLAS fair value and the model probability of a higher close in a month.
Data as of Oct 27, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.
| # | Company | Price | Dividend yield |
|---|---|---|---|
| 1 | NOS.LSNOS S.G.P.S. | €5.12 | 6.64% |
| 2 | EDP.LSEDP - Energias de Portugal | €4.76 | 4.24% |
| 3 | EGL.LSMota-Engil SGPS | €4.62 | 3.70% |
| 4 | NVG.LSThe Navigator Company | €2.98 | 3.69% |
| 5 | JMT.LSJeronimo Martins SGPS | €18.04 | 3.49% |
| 6 | CTT.LSCTT Correios de Portugal | €5.50 | 3.45% |
| 7 | BCP.LSBanco Comercial Portugues | €1.07 | 3.04% |
| 8 | GALP.LSGalp Energia SGPS | €20.47 | 3.00% |
| 9 | SON.LSSonae SGPS | €2.14 | 2.92% |
| 10 | RENE.LSREN - Redes Energéticas Nacionais SGPS | €3.55 | 2.71% |
Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.
The top 10 in a sentence
- NOS S.G.P.S. (NOS.LS) yields 6.64% at today's price with a P/E of 10.0, which means roughly 66% of earnings goes to dividends. ATLAS puts it 50% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- EDP - Energias de Portugal (EDP.LS) yields 4.24% at today's price with a P/E of 17.0, which means roughly 72% of earnings goes to dividends. It trades 21% above ATLAS fair value. ATLAS gives it a 53% chance of closing higher in a month.
- Mota-Engil SGPS (EGL.LS) yields 3.70% at today's price with a P/E of 9.7, which means roughly 36% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. ATLAS puts it 56% below its fair value. ATLAS gives it a 51% chance of closing higher in a month.
- The Navigator Company (NVG.LS) yields 3.69% at today's price with a P/E of 19.6, which means roughly 72% of earnings goes to dividends. ATLAS puts it close to its fair value. ATLAS gives it a 56% chance of closing higher in a month.
- Jeronimo Martins SGPS (JMT.LS) yields 3.49% at today's price with a P/E of 18.2, which means roughly 64% of earnings goes to dividends. ATLAS puts it 54% below its fair value. ATLAS gives it a 52% chance of closing higher in a month.
- CTT Correios de Portugal (CTT.LS) yields 3.45% at today's price with a P/E of 17.8, which means roughly 61% of earnings goes to dividends. ATLAS puts it 41% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
- Banco Comercial Portugues (BCP.LS) yields 3.04% at today's price with a P/E of 10.2, which means roughly 31% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. It trades 41% above ATLAS fair value. ATLAS gives it a 52% chance of closing higher in a month.
- Galp Energia SGPS (GALP.LS) yields 3.00% at today's price with a P/E of 15.4, which means roughly 46% of earnings goes to dividends. It trades 57% above ATLAS fair value. ATLAS gives it a 51% chance of closing higher in a month.
- Sonae SGPS (SON.LS) yields 2.92% at today's price with a P/E of 11.3, which means roughly 33% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. ATLAS puts it 65% below its fair value. ATLAS gives it a 54% chance of closing higher in a month.
- REN - Redes Energéticas Nacionais SGPS (RENE.LS) yields 2.71% at today's price with a P/E of 12.7, which means roughly 34% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. ATLAS puts it 45% below its fair value. ATLAS gives it a 56% chance of closing higher in a month.
How ATLAS ranks dividend stocks in Portugal
Yield is the dividends paid over the last twelve months divided by today's price, taken from stored company data. We keep companies with a market value above USD 300 million and enough trading volume, a yield between 1% and 15% (above that the market is usually pricing in a cut), a positive profit margin and a positive P/E.
The payout check is simple: yield multiplied by P/E approximates the share of earnings paid out. Anything above 100% is dropped, because a dividend that exceeds what the company earns is hard to keep. What is left is sorted by yield.
Limits: a high yield can also mean a falling price. Yields are trailing figures, not promises, and companies can cut or skip dividends. Withholding tax, currency effects and your own tax situation are not included. The probability of a higher close comes from ATLAS's calibrated one-month model, which gives most stocks a figure close to 50%, so do not read it as a forecast. This is information, not investment advice.
Frequently asked questions
What are the best dividend stocks in Portugal?
Of 10 companies that pass ATLAS dividend filters in Portugal, the highest yields in October 2026 belong to NOS S.G.P.S., EDP - Energias de Portugal, and Mota-Engil SGPS. The top of the table yields 6.64% and the 25 listed go down to 2.71%. A higher yield is not automatically better: check the payout and whether the price is above fair value.
How does ATLAS pick dividend stocks?
It starts from every published company in Portugal (23), keeps those with a yield between 1% and 15%, positive earnings and a payout under 100%, and ranks them by yield. Fair value and probability are shown for context and do not change the order.
Is a high dividend yield safe?
Not necessarily. Yield rises when the price falls, so a very high figure can signal that investors expect a cut. That is why ATLAS caps the yield at 15% and drops payouts above 100% of profit. Even so, dividends are never guaranteed.
What is the typical dividend yield in Portugal?
Among the 10 companies that pass the filters the median yield is 3.47%, with a median P/E of 14.0. 2 of them are in Utilities, the most represented sector.
How often is this list updated?
Prices, ratios and fair values come from ATLAS's stored data, refreshed every day, and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.
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Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer