Compagnie de Saint-Gobain SA

Saint-Gobain, based near Paris, is a world leader in light and sustainable construction materials, making glass, insulation, plaster, mortars and building products used in construction and renovation worldwide. Its focus on energy-efficient materials rides the long-term drive to make buildings greener, though demand follows the construction cycle. Saint-Gobain has paid and steadily grown its dividend, funded by improving cash flow after years of portfolio reshaping, and adds buybacks. A moderate, rising yield from a building-materials leader with a renovation tailwind gives it a solid dividend profile.