Exploring Top Dividend Stocks In Germany May 2024

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As of May 2024, Germany's DAX index has experienced a slight downturn, reflecting a cautious sentiment among European markets due to mixed signals from the European Central Bank on future monetary policies. This context is crucial for investors considering dividend stocks, as stable, high-yielding investments become particularly attractive in times of market uncertainty and modest economic growth forecasts.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.15%

★★★★★★

Edel SE KGaA (XTRA:EDL)

6.44%

★★★★★★

Deutsche Post (XTRA:DHL)

4.64%

★★★★★★

MLP (XTRA:MLP)

4.64%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.47%

★★★★★☆

FRoSTA (DB:NLM)

3.08%

★★★★★☆

DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM)

6.06%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.80%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

7.90%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.17%

★★★★★☆

Click here to see the full list of 29 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

DEUTZ

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: DEUTZ Aktiengesellschaft is a company that develops, manufactures, and sells diesel and gas engines across various regions including Europe, the Middle East, Africa, the Asia Pacific, and the Americas, with a market capitalization of approximately €686.24 million.

Operations: DEUTZ Aktiengesellschaft generates revenue primarily through its Classic segment, which brought in €2.01 billion, and its Green segment, contributing €5.30 million.

Dividend Yield: 3.1%

DEUTZ's recent financial performance shows a decline, with Q1 2024 sales dropping to €454.7 million from €507 million the previous year and net income falling to €8.8 million from €23.8 million. Despite this downturn, DEUTZ anticipates 2024 revenues between €1.9 billion and €2.1 billion with engine unit sales targets of 160,000 to 180,000. The company maintains a low dividend yield of 3.13% against a German market top-tier average of 4.61%. However, the dividends are well-covered by earnings with a payout ratio of only 22.7%, suggesting sustainability despite past volatility in dividend payments and an unstable track record over the last decade.

XTRA:DEZ Dividend History as at May 2024
XTRA:DEZ Dividend History as at May 2024

Edel SE KGaA

Simply Wall St Dividend Rating: ★★★★★★

Overview: Edel SE & Co. KGaA is an independent music company operating in Europe with a market capitalization of approximately €99.14 million.

Operations: Edel SE & Co. KGaA generates revenue primarily through two segments: Marketing and Sales, which brought in €135.56 million, and Manufacturing and Logistics, contributing €144.67 million.