Exploring Brenntag And Two Other Top Dividend Stocks In Germany

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Amid a backdrop of fluctuating European markets and rising inflation concerns, Germany's economic landscape presents a unique environment for investors exploring dividend stocks. As the DAX index shows signs of volatility, understanding the stability and potential long-term benefits of top dividend-paying companies becomes crucial for those looking to invest in Germany.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.25%

★★★★★★

Edel SE KGaA (XTRA:EDL)

6.55%

★★★★★★

Deutsche Post (XTRA:DHL)

4.71%

★★★★★★

Südzucker (XTRA:SZU)

6.35%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.41%

★★★★★☆

MLP (XTRA:MLP)

4.63%

★★★★★☆

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

6.02%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.91%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.08%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.11%

★★★★★☆

Click here to see the full list of 32 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

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 €9.37 billion.

Operations: Brenntag SE's revenue is generated through its Brenntag Essentials segment, with €4.28 billion from North America, €3.34 billion from Europe, the Middle East & Africa (EMEA), €708 million from Asia Pacific (APAC), and €670.20 million from Latin America.

Dividend Yield: 3.2%

Brenntag SE, a notable player in the chemical distribution sector, reported a decline in both quarterly and annual earnings for 2024, with sales dropping to €4.00 billion in Q1 from €4.53 billion the previous year and annual sales falling to €16.82 billion from €19.43 billion. Despite these challenges, Brenntag maintains a stable dividend policy, recently declaring a cash dividend of €2.10 per share with coverage supported by a payout ratio of 48.9% and cash flows covering 28.1% of dividends, signaling prudent financial management amid revenue pressures.

XTRA:BNR Dividend History as at Jun 2024

CR Energy

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

Overview: CR Energy AG is an investment company focusing on technology firms in Germany, with a market capitalization of approximately €166.99 million.

Operations: CR Energy AG specializes in investments within the technology sector in Germany.