Top German Dividend Stocks For August 2024
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As the German market shows signs of resilience with the DAX gaining 0.35% amidst mixed performances in other European indices, investors are keenly observing opportunities for stable returns. In this context, dividend stocks stand out as a compelling choice for those seeking consistent income and potential growth. A good dividend stock typically offers a reliable payout history, strong financial health, and the ability to sustain dividends even during economic fluctuations. Given the current market conditions, selecting stocks that demonstrate these qualities can provide both stability and long-term value to investors' portfolios.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.24% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.93% | ★★★★★★ |
| MLP (XTRA:MLP) | 5.11% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.79% | ★★★★★☆ |
| INDUS Holding (XTRA:INH) | 5.59% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.89% | ★★★★★☆ |
| Südzucker (XTRA:SZU) | 7.50% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.36% | ★★★★★☆ |
| Brenntag (XTRA:BNR) | 3.31% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.36% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top German Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
DATAGROUP
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: DATAGROUP SE offers IT solutions both in Germany and internationally, with a market cap of €359.50 million.
Operations: DATAGROUP SE generates revenue through various segments, including IT Outsourcing (€460.30 million), IT Solutions (€148.50 million), and Consulting (€35.20 million).
Dividend Yield: 3.5%
DATAGROUP SE's dividend payments are well covered by both earnings (48.1% payout ratio) and cash flows (28.2% cash payout ratio), indicating sustainability despite a volatile 10-year track record. The current dividend yield of 3.48% is lower than the top quartile in Germany, but the company has shown consistent growth in dividends over the past decade. Trading at a significant discount to its estimated fair value, DATAGROUP also benefits from strong profit growth forecasts and good relative market value, though it carries high debt levels.
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Navigate through the intricacies of DATAGROUP with our comprehensive dividend report here.
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The valuation report we've compiled suggests that DATAGROUP's current price could be quite moderate.
MVV Energie
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: MVV Energie AG, with a market cap of €2.08 billion, operates in Germany providing electricity, heat, gas, water, and waste treatment and disposal products through its subsidiaries.
Operations: MVV Energie AG's revenue segments include New Energies (€959.74 million), Customer Solutions (€7.54 billion), and Generation and Infrastructure (€1.75 billion).