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As of July 2024, Germany's market is showing resilience with the DAX index gaining 1.35%, reflecting investor optimism amid a broader European economic context marked by potential monetary easing. This positive momentum in Germany contrasts with mixed performances in other major global markets, highlighting its relative stability. In such a market environment, dividend stocks can be particularly appealing for those seeking steady income streams from their investments, especially when considering the current economic indicators and monetary policies that favor long-term investment strategies.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.33% | ★★★★★★ |
| INDUS Holding (XTRA:INH) | 5.25% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.79% | ★★★★★☆ |
| Brenntag (XTRA:BNR) | 3.20% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.56% | ★★★★★☆ |
| Südzucker (XTRA:SZU) | 7.44% | ★★★★★☆ |
| MLP (XTRA:MLP) | 5.31% | ★★★★★☆ |
| Deutsche Telekom (XTRA:DTE) | 3.19% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.32% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.17% | ★★★★★☆ |
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.
CR Energy
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: CR Energy AG is an investment company that focuses on technology companies in Germany, with a market capitalization of approximately €147.71 million.
Operations: CR Energy AG generates €68.57 million from its real estate rental segment.
Dividend Yield: 10%
CR Energy AG, with a dividend yield of 9.95%, ranks in the top 25% of German dividend payers. Despite a recent revenue drop to €68.64 million and net income fall to €65.78 million in 2023, dividends appear sustainable with a low payout ratio of 22.4% and are well-covered by cash flows at a cash payout ratio of 62.6%. However, the company's short dividend history and past shareholder dilution may raise concerns about long-term stability and growth potential in dividends.
OVB Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: OVB Holding AG operates in Europe, offering advisory and brokerage services to private households, with a market capitalization of approximately €267.92 million.
Operations: OVB Holding AG generates its revenue primarily from insurance brokerage, with a segment total of €368.28 million.
Dividend Yield: 4.8%
OVB Holding offers a dividend yield of 4.79%, placing it among the top 25% in the German market. Despite this, its dividends are under pressure with a cash payout ratio of 107.3%, indicating that current payments aren't well supported by free cash flows. However, earnings have shown growth, increasing by 20.5% last year and projected to rise by 5.31% annually. Trading at an attractive valuation, OVB is priced 18.4% below estimated fair value, yet concerns about dividend sustainability persist due to coverage issues.