Eiffage S.A.

Eiffage, based near Paris, is one of France's largest construction and concessions groups, building infrastructure and property while operating motorways and other concessions that collect tolls for decades. That combination of cyclical construction and long-term concession income gives it a resilient, cash-generative base similar to larger rival Vinci. Eiffage has paid and steadily grown its dividend, funded by dependable concession cash flow, and rewards shareholders while investing in new projects. A solid, rising yield backed by long-life infrastructure assets gives it a dependable dividend profile.