Dinkelacker Leads Three Key German Dividend Stocks

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Amid a backdrop of moderate gains in major European stock indexes, including a 1.32% rise in Germany's DAX, investors continue to navigate through an environment marked by political shifts and economic uncertainties. In such a climate, dividend stocks like Dinkelacker may offer a blend of stability and potential income, appealing to those looking for more conservative investment avenues in the current market scenario.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.29%

★★★★★★

Deutsche Post (XTRA:DHL)

4.61%

★★★★★★

Südzucker (XTRA:SZU)

6.46%

★★★★★☆

OVB Holding (XTRA:O4B)

4.76%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.10%

★★★★★☆

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

6.76%

★★★★★☆

MLP (XTRA:MLP)

5.17%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.67%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.23%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.17%

★★★★★☆

Click here to see the full list of 30 stocks from our Top Dividend Stocks screener.

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

Dinkelacker

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

Overview: Dinkelacker AG, with a market cap of €294.05 million, is engaged in the rental of real estate properties across Germany.

Operations: Dinkelacker AG generates its revenue through the leasing of real estate properties throughout Germany.

Dividend Yield: 3.2%

Dinkelacker AG, with a dividend yield of 3.17%, falls below the top-tier German dividend payers at 4.61%. Despite this, it has shown consistent dividend reliability over the past decade and has increased its dividends during this period. The company's payout ratio stands at 54.2%, indicating that dividends are well-covered by earnings. However, Dinkelacker carries a high level of debt and recent financials show a slight decline in net income from €5.38 million to €4.87 million year-over-year, alongside stable revenue figures around €12 million.

BST:DWB Dividend History as at Jul 2024
BST:DWB Dividend History as at Jul 2024

Brenntag

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

Overview: Brenntag SE operates as a distributor of industrial and specialty chemicals and ingredients across regions including Germany, Europe, the Middle East, Africa, the Americas, and Asia Pacific, with a market capitalization of approximately €9.24 billion.

Operations: Brenntag SE's revenue is segmented across various geographical regions, with Brenntag Essentials - North America generating €4.28 billion, followed by Brenntag Essentials - Europe, Middle East & Africa (EMEA) at €3.34 billion, Brenntag Essentials - Asia Pacific (APAC) contributing €0.71 billion, and Brenntag Essentials - Latin America at €0.67 billion.