Three Solid German Dividend Stocks Offering Up To 5.8% Yield
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As global markets navigate through a period of uncertainty, Germany's DAX index has shown resilience with a modest rise of 0.40%, despite broader European market fluctuations and economic challenges. In this context, German dividend stocks emerge as potentially attractive options for investors seeking steady income streams in a landscape marked by heightened political and economic volatility. A good dividend stock typically combines robust fundamentals with a history of stable or growing dividends, making it an appealing choice in the current environment where reliability is key.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.26% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.80% | ★★★★★★ |
| Brenntag (XTRA:BNR) | 3.33% | ★★★★★☆ |
| Südzucker (XTRA:SZU) | 6.53% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 6.62% | ★★★★★☆ |
| MLP (XTRA:MLP) | 5.13% | ★★★★★☆ |
| INDUS Holding (XTRA:INH) | 5.00% | ★★★★★☆ |
| Deutsche Telekom (XTRA:DTE) | 3.25% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.18% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.17% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
MVV Energie
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: MVV Energie AG operates primarily in Germany, offering services including electricity, heat, gas, water, and waste treatment and disposal with a market capitalization of €2.04 billion.
Operations: MVV Energie AG generates revenue through its Customer Solutions segment (€7.54 billion), Generation and Infrastructure (€1.75 billion), and New Energies (€0.96 billion).
Dividend Yield: 3.7%
MVV Energie AG's recent financial performance shows a decline, with net income dropping significantly to €69.37 million in Q2 2024 from €154.63 million year-over-year and earnings per share also falling. Despite this, the company maintains a low payout ratio of 30.5%, suggesting that its dividend payments are well-covered by earnings. However, dividends are not supported by free cash flow or cash flows overall, indicating potential sustainability issues. Additionally, MVV's dividend yield of 3.71% is lower than the top quartile of German dividend stocks at 4.69%.
PWO
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: PWO AG specializes in producing lightweight construction components from steel and aluminum sheet for the mobility industry, operating across Germany, Czechia, Canada, Mexico, Serbia, and China with a market capitalization of €93.75 million.