SAF-Holland And Two More Prominent German Dividend Stocks

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Amidst a backdrop of fluctuating global markets, Germany's economy has shown resilience, though recent data indicates mixed signals with the DAX index experiencing a slight decline. This environment underscores the importance of considering stable investment options such as dividend stocks, which can offer investors potential income and relative steadiness in uncertain times.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.14%

★★★★★★

Edel SE KGaA (XTRA:EDL)

6.52%

★★★★★★

Deutsche Post (XTRA:DHL)

4.79%

★★★★★★

Südzucker (XTRA:SZU)

6.39%

★★★★★☆

MLP (XTRA:MLP)

4.69%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.45%

★★★★★☆

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

5.99%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.82%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

7.98%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.14%

★★★★★☆

Click here to see the full list of 31 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

SAF-Holland

Simply Wall St Dividend Rating: ★★★★★☆

Overview: SAF-Holland SE is a manufacturer and supplier of chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses, with a market capitalization of approximately €0.80 billion.

Operations: SAF-Holland SE generates revenue through three primary geographical segments: €951.75 million from Europe, the Middle East, and Africa (EMEA), €898.79 million from the Americas, and €280.64 million from Asia/Pacific including China and India.

Dividend Yield: 4.8%

SAF-Holland SE, a German company, reported increased earnings with a net income of €26.23 million in Q1 2024, up from €19.56 million the previous year. Despite this growth and a top-tier dividend yield of 4.82%, concerns linger due to its high level of debt and an unstable dividend track record over the past decade. The dividends are well-covered by earnings and cash flows, with payout ratios at 44.6% and 31.6% respectively, suggesting sustainability from an operational perspective.

XTRA:SFQ Dividend History as at Jun 2024
XTRA:SFQ Dividend History as at Jun 2024

Südzucker

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Südzucker AG is a global producer and distributor of sugar products, operating in Germany, the rest of the European Union, the United Kingdom, the United States, and other international markets, with a market capitalization of approximately €2.87 billion.

Operations: Südzucker AG's revenue is generated from several segments: Sugar at €4.44 billion, Special Products (excluding Starch) at €2.43 billion, Fruit at €1.57 billion, CropEnergies at €1.21 billion, and Starch at €1.16 billion.