Top 3 German Dividend Stocks To Watch
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As the German economy shows signs of resilience with industrial output and orders exceeding expectations, investors are increasingly looking for stable income sources amid mixed signals from global markets. In this environment, dividend stocks can offer a reliable stream of income while potentially benefiting from Germany's economic strengths.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.33% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 5.07% | ★★★★★★ |
| OVB Holding (XTRA:O4B) | 4.81% | ★★★★★☆ |
| INDUS Holding (XTRA:INH) | 5.69% | ★★★★★☆ |
| MLP (XTRA:MLP) | 5.21% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.10% | ★★★★★☆ |
| Südzucker (XTRA:SZU) | 7.56% | ★★★★★☆ |
| Brenntag (XTRA:BNR) | 3.32% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.42% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.29% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top German Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
PWO
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: PWO AG manufactures and sells lightweight construction aluminum sheet components made of steel for the mobility industry across Germany, Czechia, Canada, Mexico, Serbia, and China with a market cap of €91.25 million.
Operations: PWO AG generates its revenue from the manufacture and sale of lightweight aluminum sheet components made of steel for the mobility industry in various countries including Germany, Czechia, Canada, Mexico, Serbia, and China.
Dividend Yield: 6%
PWO AG's recent earnings report shows mixed results, with second-quarter sales at €141.87 million and net income at €3.4 million, down from €5.4 million a year ago. Despite this, PWO's dividend yield of 5.99% is among the top 25% in Germany and well-covered by both earnings (33.3% payout ratio) and free cash flow (19.5%). However, its dividend history has been volatile over the past decade, raising concerns about reliability for long-term investors.
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Take a closer look at PWO's potential here in our dividend report.
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Upon reviewing our latest valuation report, PWO's share price might be too pessimistic.
Sixt
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sixt SE, with a market cap of €2.73 billion, offers global mobility services for private and business customers through its corporate and franchise station network.
Operations: Sixt SE generates revenue through its global network of corporate and franchise stations, catering to both private and business customers.
Dividend Yield: 6.3%
Sixt SE offers a high dividend yield of 6.33%, placing it in the top 25% of German dividend payers, but its payments are not covered by free cash flows, raising sustainability concerns. Recent earnings guidance indicates revenue growth, with Q2 revenue at €1.01 billion compared to €925.1 million last year, though net income decreased significantly from €96.57 million to €48.29 million, reflecting potential volatility in financial performance and dividend reliability.