Valores tranquilos y con buenos dividendos para batir la inflación

Naturgy, Enagás, Colonial, Redeia, Aena, Telefónica, Iberdrola and Sacyr are among the 20 Ibex 35 stocks with a dividend yield of more than 3%, offering potential for stock value appreciation. Financial experts recommend including variable income in conservative investment portfolios, though opinions differ on the percentage allocation.

A common recommendation for a standard conservative profile is to increase exposure to this type of assets to at least 20%, aiming to preserve the real purchasing power of excess funds by generating returns higher than inflation.

Risk-averse investors should focus on less volatile stocks with good dividend yields. When considering stocks with high dividend yields, it's essential to also consider the quality of the dividend and the company's stock performance based on fundamental data and business outlook. When selecting 20 Ibex 35 stocks with yields above 3%, the range of options is extensive.

Utilities with positive outlooks on the stock market are particularly attractive. Public service companies often have predictable and often increasing incomes due to their low economic cycle dependence and regulated nature, making them stable investments. Naturgy, for example, has an estimated dividend return of more than 6% and shows an upward price trend over the past year, with a consensus price target of 4.24% above the current level.

Bankinter's analyst, Ar�nzazu Bueno, noted that Naturgy's dividend per share has been steadily increasing, with estimates of 1.8 euros for 2026 and 1.9 euros for 2027, and a payout ratio rising from 85% in 2025 to 95%.

Redeia offers a combination of high dividend yield (around 5.5% for 2027) and potential for stock value appreciation (around 10%). Enagás shows a yield close to 6%, but its stock price has underperformed compared to the average valuation by Bloomberg's firms, with a 3.69% deviation. Iberdrola's yield for 2027 is estimated at 3.24%, while Endesa offers a yield of over 4.2%, but is overvalued by more than 10%.

In the banking sector, Banco Sabadell stands out with an estimated dividend yield of 11.7% for this year, boosted by a one-time dividend of 0.5 euros per share resulting from the sale of its British subsidiary TSB. Its 2027 yield is projected at 5.51%, still the second highest among Ibex banks despite significant price drop. CaixaBank, BBVA and Bankinter also show attractive dividend yield and potential for stock value appreciation.

Among other sectors, Logista, Mapfre, Aena and Telefónica provide options for conservative investors. Sacyr, despite having strong credentials, is highly recommended by all Bloomberg analysts, with a dividend yield estimated at 100%.