In This Article:
As the German economy faces a forecasted contraction for 2024, investors are closely monitoring dividend stocks as potential sources of steady income amidst market uncertainties. In this environment, identifying robust companies with strong dividend histories can offer a measure of stability and potential returns, making them an attractive option for those navigating the current economic landscape.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 6.70% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.92% | ★★★★★★ |
| SAF-Holland (XTRA:SFQ) | 5.68% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.66% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.52% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.25% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.17% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.64% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.28% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.69% | ★★★★★☆ |
Click here to see the full list of 34 stocks from our Top German Dividend Stocks screener.
We'll examine a selection from our screener results.
Bayerische Motoren Werke
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bayerische Motoren Werke Aktiengesellschaft develops, manufactures, and sells automobiles, motorcycles, and related spare parts and accessories globally with a market cap of €47.35 billion.
Operations: Bayerische Motoren Werke's revenue is primarily derived from its Automotive segment, generating €132.39 billion, followed by Financial Services at €37.87 billion and Motorcycles at €3.15 billion.
Dividend Yield: 7.9%
BMW's dividend yield of 7.92% ranks in the top 25% among German stocks, yet its sustainability is questioned due to a high cash payout ratio of over 5000%, indicating dividends are not well covered by cash flows. Despite trading at a significant discount to estimated fair value, BMW's dividend history has been volatile and unreliable over the past decade. Recent delisting from OTC Equity may impact international investor access but doesn't directly affect dividend policy.
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Click to explore a detailed breakdown of our findings in Bayerische Motoren Werke's dividend report.
MLP
Simply Wall St Dividend Rating: ★★★★★☆
Overview: MLP SE, with a market cap of €677.65 million, offers financial services to private, corporate, and institutional clients in Germany through its subsidiaries.
Operations: MLP SE generates revenue through various segments including Financial Consulting (€429.61 million), FERI (€231.23 million), Banking (€206.97 million), DOMCURA (€129.26 million), Deutschland.Immobilien (€51.61 million), and Industrial Broker (€36.51 million).