Top German Dividend Stocks For June 2024

In This Article:

As political uncertainty and economic challenges continue to shape the European markets, Germany's DAX index has not been immune, reflecting a cautious sentiment among investors. In such times, dividend stocks can be particularly appealing for their potential to offer steady income streams amidst market volatility.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.31%

★★★★★★

Deutsche Post (XTRA:DHL)

4.85%

★★★★★★

Brenntag (XTRA:BNR)

3.26%

★★★★★☆

Talanx (XTRA:TLX)

3.14%

★★★★★☆

Südzucker (XTRA:SZU)

6.55%

★★★★★☆

INDUS Holding (XTRA:INH)

4.79%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.36%

★★★★★☆

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

6.29%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.24%

★★★★★☆

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 is a global distributor of industrial and specialty chemicals and ingredients, operating across regions including Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific, with a market capitalization of approximately €9.31 billion.

Operations: Brenntag SE generates revenue through its Brenntag Essentials segment, with sales in North America amounting to €4.28 billion, Europe, Middle East & Africa (EMEA) contributing €3.34 billion, Asia Pacific (APAC) at €0.71 billion, and Latin America at €0.67 billion.

Dividend Yield: 3.3%

Brenntag SE maintains a stable dividend with a yield of 3.26%, supported by earnings and cash flows, with payout ratios at 48.9% and 28.1% respectively, indicating sustainability. Despite consistent growth in dividend payments over the past decade, its yield remains below the top quartile in Germany's market (4.76%). Recent activities include regular dividends paid on May 24, 2024, and significant share buybacks totaling €750 million, enhancing shareholder value but reflecting a substantial decrease in Q1 earnings year-over-year.

XTRA:BNR Dividend History as at Jun 2024
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 €0.16 billion.

Operations: CR Energy AG generates revenue primarily through its real estate rental segment, totaling €68.57 million.