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Top German Dividend Stocks To Consider In July 2024

In This Article:

As of July 2024, Germany's economic landscape reflects a mix of challenges and resilience, with recent data indicating unexpected weakening in its manufacturing sector. Amidst this backdrop, investors might consider the stability offered by dividend-paying stocks, which can provide potential income and a degree of protection in uncertain market conditions.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.26%

★★★★★★

OVB Holding (XTRA:O4B)

4.66%

★★★★★☆

INDUS Holding (XTRA:INH)

5.18%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.29%

★★★★★☆

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

6.80%

★★★★★☆

MLP (XTRA:MLP)

5.19%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.78%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.23%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.20%

★★★★★☆

FRoSTA (DB:NLM)

3.01%

★★★★★☆

Click here to see the full list of 32 stocks from our Top German Dividend Stocks screener.

We'll examine a selection from our screener results.

FRoSTA

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

Overview: FRoSTA Aktiengesellschaft operates in the frozen food sector, developing, producing, and marketing its products across Germany, Poland, Austria, Italy, and Eastern Europe with a market capitalization of approximately €0.44 billion.

Operations: FRoSTA Aktiengesellschaft generates its revenues by developing, producing, and selling frozen food products across key European markets including Germany, Poland, Austria, Italy, and Eastern Europe.

Dividend Yield: 3%

FRoSTA Aktiengesellschaft, with a modest dividend yield of 3.01%, falls below the top quartile of German dividend stocks which average at 4.66%. Despite this, the company maintains a strong financial foundation for its dividends, evidenced by a low payout ratio of 40% and an even lower cash payout ratio of 13.9%, ensuring that dividends are well-covered by both earnings and cash flows. Recent earnings reports from July 10, 2024, confirm stable financial performance with slight fluctuations in sales and net income year-over-year.

DB:NLM Dividend History as at Jul 2024
DB:NLM Dividend History as at Jul 2024

Deutsche Telekom

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

Overview: Deutsche Telekom AG operates as a provider of integrated telecommunication services and has a market capitalization of approximately €117.72 billion.

Operations: Deutsche Telekom AG generates its revenue primarily from three segments: €72.18 billion from the United States, €25.34 billion from Germany, and €11.97 billion from Europe, along with smaller contributions of €3.94 billion from Systems Solutions and €2.27 billion from Group Headquarters & Group Services.