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As global markets navigate mixed economic signals and fluctuating earnings reports, Germany's DAX has shown resilience with a notable 1.35% gain. In this dynamic environment, dividend stocks can offer a stable income stream and potential for long-term growth. When considering dividend stocks, it's essential to focus on companies with strong financial health, consistent earnings, and a solid track record of dividend payments.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.27% | ★★★★★★ |
| INDUS Holding (XTRA:INH) | 5.14% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.66% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.60% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.46% | ★★★★★☆ |
| Südzucker (XTRA:SZU) | 7.43% | ★★★★★☆ |
| MLP (XTRA:MLP) | 5.14% | ★★★★★☆ |
| Deutsche Telekom (XTRA:DTE) | 3.20% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.33% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.17% | ★★★★★☆ |
Click here to see the full list of 31 stocks from our Top German Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
MLP
Simply Wall St Dividend Rating: ★★★★★☆
Overview: MLP SE, with a market cap of €635.11 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 (€426.19 million), FERI (€221.45 million), Banking (€195.50 million), DOMCURA (€131.71 million), Real Estate (€51.96 million), and Industrial Broker services (€35.97 million).
Dividend Yield: 5.1%
MLP SE's recent earnings report shows a solid performance with revenue rising to €284.11 million and net income increasing to €27.76 million for Q1 2024. Despite its volatile dividend history, MLP's current dividend yield of 5.14% is among the top in Germany, and dividends are well-covered by both earnings (62.3%) and cash flows (10.9%). The company also completed a share buyback program, repurchasing over 1 million shares for €6.2 million, which may support future dividend stability.
Sixt
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sixt SE, with a market cap of €2.82 billion, provides global mobility services for private and business customers through its corporate and franchise station network.
Operations: Sixt SE generates revenue from various regions, including €1.49 billion from Europe, €1.21 billion from Germany, and €1.14 billion from North America.