Top 3 German Dividend Stocks To Watch In September 2024
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As the German DAX index shows modest gains amid cautious investor sentiment following the U.S. Federal Reserve's recent rate cut, dividend stocks in Germany are drawing attention for their potential stability and income generation. In this environment, a good dividend stock is typically characterized by consistent payouts, strong financial health, and resilience to economic fluctuations.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Deutsche Post (XTRA:DHL) | 4.88% | ★★★★★★ |
| MLP (XTRA:MLP) | 5.28% | ★★★★★☆ |
| SAF-Holland (XTRA:SFQ) | 5.25% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.69% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.64% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.58% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.73% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.32% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.31% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.71% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top German Dividend Stocks screener.
We'll examine a selection from our screener results.
Mercedes-Benz Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Mercedes-Benz Group AG operates as an automotive company in Germany and internationally, with a market cap of €52.76 billion.
Operations: Mercedes-Benz Group AG generates revenue from three main segments: Mercedes-Benz Cars (€109.58 billion), Mercedes-Benz Vans (€20.22 billion), and Mercedes-Benz Mobility (€26.78 billion).
Dividend Yield: 9.6%
Mercedes-Benz Group's dividend payments have grown over the past decade but have been volatile, with significant annual drops. Despite this instability, dividends are well covered by earnings (payout ratio: 43.3%) and cash flows (cash payout ratio: 80.8%). The company trades at a good value compared to peers and is currently priced at 51.3% below its estimated fair value. Recent earnings showed a decline in sales and net income for Q2 2024 compared to the previous year, reflecting potential financial challenges ahead.
MPC Münchmeyer Petersen Capital
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: MPC Münchmeyer Petersen Capital AG is a publicly owned investment manager with a market cap of approximately €160.73 million.
Operations: MPC Münchmeyer Petersen Capital AG generates revenue from three primary segments: Miscellaneous (€1.03 million), Management Services (€33.76 million), and Transaction Services (€7.26 million).
Dividend Yield: 5.9%
MPC Münchmeyer Petersen Capital reported strong earnings for H1 2024, with sales of €21.25 million and net income of €9.7 million. Dividends are well-covered by both earnings (payout ratio: 54.8%) and cash flows (cash payout ratio: 28.7%), though the company has only paid dividends for three years. Despite a forecasted decline in earnings, MPCK's dividend yield is among the top in Germany, and it trades at a significant discount to its estimated fair value.