Top German Dividend Stocks For September 2024
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As the European markets navigate the cautious optimism following the U.S. Federal Reserve's recent rate cut, Germany's DAX Index has shown a modest gain of 0.11%, reflecting investor sentiment towards monetary policy adjustments. In this context, dividend stocks in Germany continue to attract attention for their potential to provide steady income and stability amidst fluctuating market conditions. When evaluating dividend stocks, it's crucial to consider companies with a strong track record of consistent payouts and robust financial health, especially in light of current economic trends and policy shifts.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 7.04% | ★★★★★★ |
| All for One Group (XTRA:A1OS) | 3.25% | ★★★★★☆ |
| SAF-Holland (XTRA:SFQ) | 5.23% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.71% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.52% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.69% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.48% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.29% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.25% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.64% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top German Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
FRoSTA
Simply Wall St Dividend Rating: ★★★★★☆
Overview: FRoSTA Aktiengesellschaft, with a market cap of €418.97 million, develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.
Operations: FRoSTA Aktiengesellschaft generates its revenue from the development, production, and marketing of frozen food products across Germany, Poland, Austria, Italy, and Eastern Europe.
Dividend Yield: 3.3%
FRoSTA Aktiengesellschaft reported stable earnings for the half year ended June 30, 2024, with net income of €15.5 million. The company's dividends have been reliable and growing over the past decade, supported by a low payout ratio (40%) and cash payout ratio (19.3%). Although its dividend yield of 3.25% is lower than the top tier in Germany, FRoSTA's consistent dividend growth and coverage make it an attractive option for income-focused investors.
Bertrandt
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bertrandt Aktiengesellschaft, with a market cap of €209.19 million, provides engineering services.
Operations: Bertrandt Aktiengesellschaft generates revenue from three primary segments: Digital Engineering (€640.06 million), Physical Engineering (€253.89 million), and Electrical Systems/Electronics (€409.76 million).