Morningstar Europe Dividend Yield Focus Index has outperformed the Morningstar Europe Index, with a 17% increase in euros compared to the broader index’s 15%. Lloyds Banking Group and British American Tobacco were top performers, while Unilever and Deutsche Telekom were the worst in the top 10.

British American Tobacco saw a 41.5% gain, Novartis 25.3%, and Roche 18.2% in euros. Lloyds Banking Group led the top 10 with a 61.5% increase. Unilever and Deutsche Telekom experienced losses of 4.6% and 2.6% respectively.

The Morningstar Europe Dividend Yield Focus Index measures large-, mid-, and small-cap stocks in Europe, representing the top 97% of the market by capitalization. It provides exposure to stocks with attractive dividends and strong financial quality, weighted by their dividend payments.

Read more at Morningstar: How Europe’s Largest Dividend Stocks Have Performed in 2025