Banco de Sabadell S.A.

Banco Sabadell, based in Alicante and Barcelona, is one of Spain's larger banks, focused on retail and small-business lending at home and, through its TSB arm, in the United Kingdom. After years of restructuring it has become notably more profitable, and it has been at the centre of takeover interest from larger rivals. Sabadell pays a high dividend and adds buybacks, returning much of its recovered profits, which earns it one of the highest DiviScores in the index. A generous yield backed by a turnaround bank defines its appeal, though the payout depends on the credit cycle and any corporate deal.