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Three German Dividend Stocks With Yields Up To 6.3%

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Amid a backdrop of rising inflation and economic uncertainty in Europe, Germany's market has seen notable fluctuations, with the DAX index recently declining by 1.05%. In such an environment, dividend stocks can offer investors potential stability and steady income streams, making them an attractive option for those looking to navigate through turbulent markets.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.27%

★★★★★★

Edel SE KGaA (XTRA:EDL)

6.33%

★★★★★★

Deutsche Post (XTRA:DHL)

4.80%

★★★★★★

MLP (XTRA:MLP)

4.69%

★★★★★☆

OVB Holding (XTRA:O4B)

4.52%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.46%

★★★★★☆

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

6.02%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.83%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.09%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.14%

★★★★★☆

Click here to see the full list of 31 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

DEUTZ

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

Overview: DEUTZ Aktiengesellschaft focuses on developing, manufacturing, and selling diesel and gas engines across various global regions including Europe, the Middle East, Africa, the Asia Pacific, and the Americas, with a market capitalization of approximately €0.65 billion.

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

Dividend Yield: 3.3%

DEUTZ has demonstrated fluctuating dividend reliability over the past decade, with significant annual drops exceeding 20%. Despite this, DEUTZ's dividends are currently well-supported by both earnings and cash flows, with a payout ratio of 22.7% and a cash payout ratio of 34.6%, respectively. However, its dividend yield of 3.29% is below the top quartile in the German market at 4.5%. Recent financials indicate a downturn, with Q1 earnings dropping to €8.8 million from €23.8 million year-over-year, alongside reduced sales figures.

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

Edel SE KGaA

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

Overview: Edel SE & Co. KGaA operates as an independent music company primarily in Europe, with a market capitalization of approximately €100.84 million.

Operations: Edel SE & Co. KGaA generates revenue through two main segments: Marketing and Sales (€135.56 million) and Manufacturing and Logistics (€144.67 million).