EDAG Engineering Group Leads Trio Of Premier German Dividend Stocks
In This Article:
Amidst a backdrop of recent interest rate cuts by the European Central Bank, Germany's market has shown resilience with modest gains in major indices such as the DAX. This context sets an intriguing stage for investors considering dividend stocks, particularly as these assets often appeal to those seeking steadier returns in fluctuating economic climates.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.39% | ★★★★★★ |
| Edel SE KGaA (XTRA:EDL) | 6.55% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.78% | ★★★★★★ |
| Südzucker (XTRA:SZU) | 6.39% | ★★★★★☆ |
| Deutsche Telekom (XTRA:DTE) | 3.41% | ★★★★★☆ |
| MLP (XTRA:MLP) | 4.73% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 6.10% | ★★★★★☆ |
| SAF-Holland (XTRA:SFQ) | 4.90% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.10% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.20% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
EDAG Engineering Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: EDAG Engineering Group AG specializes in designing vehicles, derivatives, modules, and production facilities for the automotive and commercial vehicle sectors globally, with a market capitalization of €300 million.
Operations: EDAG Engineering Group AG generates its revenue primarily through three segments: Vehicle Engineering (€488.93 million), Production Solutions (€268.86 million), and Electrics/Electronics (€111.45 million).
Dividend Yield: 4.6%
EDAG Engineering Group AG, with a P/E ratio of 10.9x, offers a value proposition below the German market average of 18x. Despite its appealing dividend yield of 4.58%, placing it in the top 25% of German dividend payers, the company's dividend history is marked by instability and volatility over the past eight years, including a recent decline in payments. Dividends are well-covered by both earnings and cash flows with payout ratios at 49.7% and 46.4%, respectively. However, recent financials show a slight decrease in net income from €8.34 million to €7.04 million year-over-year for Q1 2024, alongside stable sales growth.
MPC Münchmeyer Petersen Capital
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: MPC Münchmeyer Petersen Capital AG is a publicly owned investment manager, operating with a market capitalization of approximately €156.50 million.
Operations: MPC Münchmeyer Petersen Capital AG generates its revenue primarily through Management Services (€30.83 million), followed by Transaction Services (€7.73 million).