Top German Dividend Stocks To Watch In September 2024
In This Article:
As European inflation nears the central bank's target, Germany's DAX index has reached new heights, reflecting a positive sentiment in the market. With this backdrop, it's an opportune moment to explore dividend stocks that can offer stability and income potential. In times of economic optimism and market peaks, dividend stocks are particularly appealing due to their ability to provide consistent returns through regular payouts.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 4.91% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.72% | ★★★★★★ |
| MLP (XTRA:MLP) | 5.17% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.69% | ★★★★★☆ |
| SAF-Holland (XTRA:SFQ) | 4.90% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.50% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.69% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.38% | ★★★★★☆ |
| 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.
Let's review some notable picks from our screened stocks.
DATA MODUL Produktion und Vertrieb von elektronischen Systemen
Simply Wall St Dividend Rating: ★★★★★☆
Overview: DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) develops, manufactures, and distributes flatbed displays, monitors, electronic subassemblies, and information systems both in Germany and internationally with a market cap of €91.68 million.
Operations: DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) generates revenue from two main segments: €96.65 million from Systems and €161.99 million from Displays.
Dividend Yield: 7.7%
DATA MODUL Produktion und Vertrieb von elektronischen Systemen has a mixed dividend profile. While its dividends have been volatile and unreliable over the past decade, they are well-covered by both earnings (64% payout ratio) and cash flows (19.5% cash payout ratio). Despite a recent decline in net income and sales, the company's dividend yield of 7.69% is among the top 25% in Germany, supported by a low Price-to-Earnings ratio of 8.3x compared to the market's 17x.
MVV Energie
Simply Wall St Dividend Rating: ★★★★★☆
Overview: MVV Energie AG, with a market cap of €2.00 billion, operates in Germany providing electricity, heat, gas, water, and waste treatment and disposal services through its subsidiaries.