It seems to be a tough search. The European firms which might fall into the category of "well managed capital allocation for the long haul" are generally fairly old firms, and generally have large shareholding by founding families, both of which correlate with a history of dividends.

However there are some good firms that don't pay huge dividends (not built around that as their investment attraction) which might be worth considering. Just ignore the dividend.
Investor AB looks like a pretty high quality firm. Current payout around 1.79%
A random blogger's post about them, which gives a pretty good introduction outsiderscorner.substack.com - Investor ab part ii

The share price isn't cheap, it rarely is, but it's back to around where it was around a year ago.

For Americans: It doesn't trade in the US. If you see a mention of the ADR, I believe it was discontinued.

Jim