Top German Dividend Stocks To Consider In October 2024
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As geopolitical tensions in the Middle East escalate, European markets, including Germany's DAX, have experienced declines amid investor caution and rising oil prices. With the prospect of an interest rate cut by the European Central Bank due to slowing growth and inflation, investors are increasingly looking at dividend stocks as a potential source of steady income in uncertain times. In this environment, identifying strong German dividend stocks involves considering companies with robust cash flows and stable earnings that can sustain their dividend payouts despite market volatility.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 6.73% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.84% | ★★★★★★ |
| SAF-Holland (XTRA:SFQ) | 5.56% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.71% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.46% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.72% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.28% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.19% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.25% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.69% | ★★★★★☆ |
Click here to see the full list of 33 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 both in Germany and internationally, with a market cap of €55.28 billion.
Operations: Mercedes-Benz Group AG generates revenue through its segments: Mercedes-Benz Cars (€109.58 billion), Mercedes-Benz Vans (€20.22 billion), and Mercedes-Benz Mobility (€26.78 billion).
Dividend Yield: 9.2%
Mercedes-Benz Group offers a compelling dividend yield, ranking in the top 25% of German market payers. Its dividends are well-covered by earnings with a payout ratio of 43.3%, and cash flows cover its payments despite an 80.7% cash payout ratio. However, past dividend reliability has been inconsistent, with volatility over the last decade. While trading below fair value estimates, investors should note potential earnings declines and consider its financial position regarding debt coverage by operating cash flow.
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 €162.85 million.
Operations: MPC Münchmeyer Petersen Capital AG generates its revenue from Management Services (€33.76 million) and Transaction Services (€7.26 million).