Deutsche Telekom And Two More Premier German Dividend Stocks

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Amidst a mixed performance in global markets, with particular stability observed in Germany's DAX index, investors continue to seek reliable income streams. In this context, dividend stocks like Deutsche Telekom offer potential resilience and consistent returns, aligning well with the cautious optimism seen in current market conditions.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Edel SE KGaA (XTRA:EDL)

6.41%

★★★★★★

Allianz (XTRA:ALV)

5.21%

★★★★★★

Deutsche Post (XTRA:DHL)

4.75%

★★★★★★

Südzucker (XTRA:SZU)

6.47%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.86%

★★★★★☆

MLP (XTRA:MLP)

4.70%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.54%

★★★★★☆

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

6.10%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.03%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.32%

★★★★★☆

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

Below we spotlight a couple of our favorites from our exclusive screener.

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 €107.69 billion.

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

Dividend Yield: 3.5%

Deutsche Telekom AG reported a slight increase in Q1 2024 sales to €28.59 billion from €28.49 billion year-over-year, with net income significantly reduced to €1.98 billion from €15.36 billion due to unspecified factors, impacting earnings per share which stood at €0.40 compared to previous €3.09. Despite this, the company maintains a stable dividend yield of 3.54%, supported by both earnings and cash flows with payout ratios of 87% and 19.4% respectively, suggesting sustainability albeit below the top German dividend payers' average of 4.6%. Analysts predict potential stock price growth of 24%.

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

EDAG Engineering Group

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

Overview: EDAG Engineering Group AG specializes in the development of vehicles, derivatives, modules, and production facilities for the automotive and commercial vehicle industries globally, with a market capitalization of €298.75 million.