SAF-Holland And Two More Top Dividend Stocks In Germany

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Amidst a backdrop of political uncertainty and fluctuating markets in Europe, investors are increasingly seeking stable returns, making dividend stocks a focal point of interest. In this context, companies like SAF-Holland that consistently pay dividends can offer a semblance of predictability and potential income in an otherwise volatile environment.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.40%

★★★★★★

Deutsche Post (XTRA:DHL)

4.91%

★★★★★★

Südzucker (XTRA:SZU)

6.53%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.41%

★★★★★☆

INDUS Holding (XTRA:INH)

4.85%

★★★★★☆

MLP (XTRA:MLP)

4.82%

★★★★★☆

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

6.25%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.92%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.33%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.14%

★★★★★☆

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.

SAF-Holland

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

Overview: SAF-Holland SE specializes in manufacturing and supplying chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses, with a market capitalization of approximately €0.78 billion.

Operations: SAF-Holland SE generates revenue through three primary geographical segments: Americas (€898.79 million), Asia/Pacific including China and India (€280.64 million), and Europe, the Middle East, and Africa (EMEA) with €951.75 million in sales.

Dividend Yield: 4.9%

SAF-Holland SE, with a dividend yield of 4.92%, ranks in the top 25% of German dividend payers. The company's dividends are well-supported by both earnings and cash flows, with payout ratios of 44.6% and 31.6% respectively, indicating sustainability despite its volatile history over the past decade. Recent financials show growth, with Q1 sales rising to €505.43 million from €480.42 million year-over-year and net income increasing to €26.23 million from €19.56 million, reflecting a positive earnings trajectory.

XTRA:SFQ Dividend History as at Jun 2024
XTRA:SFQ Dividend History as at Jun 2024

Südzucker

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

Overview: Südzucker AG is a global producer and seller of sugar products, operating in Germany, other parts of the European Union, the United Kingdom, the United States, and internationally, with a market capitalization of approximately €2.81 billion.

Operations: Südzucker AG's revenue is generated from several segments: Sugar (€4.44 billion), Special Products excluding Starch (€2.43 billion), Fruit (€1.57 billion), Starch (€1.16 billion), and CropEnergies (€1.21 billion).