Top German Dividend Stocks To Watch In August 2024

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As the European economy experiences a boost from the Paris Olympics and hopes rise for potential rate cuts by the ECB, Germany's DAX has shown promising gains, reflecting a positive sentiment among investors. In this favorable environment, dividend stocks can offer stability and income, making them an attractive option for those looking to navigate these dynamic market conditions.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

4.99%

★★★★★★

Deutsche Post (XTRA:DHL)

4.82%

★★★★★★

All for One Group (XTRA:A1OS)

3.02%

★★★★★☆

MLP (XTRA:MLP)

5.16%

★★★★★☆

OVB Holding (XTRA:O4B)

4.69%

★★★★★☆

INDUS Holding (XTRA:INH)

5.42%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.47%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.31%

★★★★★☆

MVV Energie (XTRA:MVV1)

3.78%

★★★★★☆

FRoSTA (DB:NLM)

3.33%

★★★★★☆

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

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

Bayerische Motoren Werke

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

Overview: Bayerische Motoren Werke Aktiengesellschaft develops, manufactures, and sells automobiles, motorcycles, and spare parts and accessories globally, with a market cap of approximately €52.92 billion.

Operations: Bayerische Motoren Werke Aktiengesellschaft's revenue segments include €132.39 billion from Automotive, €3.15 billion from Motorcycles, and €37.87 billion from Financial Services.

Dividend Yield: 7.1%

BMW's dividend yield of 7.08% places it in the top 25% of German dividend payers, but its high cash payout ratio (5457.9%) raises concerns about sustainability. Although trading at a good value (17.5% below fair estimate) and having a low earnings payout ratio (36%), dividends have been volatile over the past decade. Recent buybacks (€879 million for 8,891,035 shares) may support share prices but don't directly address dividend reliability issues.

XTRA:BMW Dividend History as at Aug 2024
XTRA:BMW Dividend History as at Aug 2024

MLP

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

Overview: MLP SE, with a market cap of €635.02 million, offers financial services to private, corporate, and institutional clients in Germany through its subsidiaries.

Operations: MLP SE generates revenue from 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).