3 German Dividend Stocks Yielding Up To 6.2%
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Amid recent rate cuts by the European Central Bank and a notable rise in Germany's DAX index, investors are increasingly turning their attention to dividend stocks as a stable source of income. In this environment, selecting stocks with strong fundamentals and attractive yields can be particularly rewarding, especially when market conditions are favorable for income-generating investments.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| All for One Group (XTRA:A1OS) | 3.22% | ★★★★★☆ |
| MLP (XTRA:MLP) | 5.41% | ★★★★★☆ |
| SAF-Holland (XTRA:SFQ) | 5.27% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.69% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.82% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.34% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.75% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.23% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.33% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.78% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top German Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
PWO
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: PWO AG manufactures and sells lightweight aluminum sheet components made of steel for the mobility industry across Germany, Czechia, Canada, Mexico, Serbia, and China with a market cap of €95.63 million.
Operations: PWO AG's revenue from Auto Parts & Accessories amounts to €564.29 million.
Dividend Yield: 5.7%
PWO's recent earnings report showed a slight increase in sales but a decline in net income, with EUR 3.4 million for Q2 2024 compared to EUR 5.4 million a year ago. Despite this, PWO offers an attractive dividend yield of 5.72%, well-covered by both earnings (38% payout ratio) and cash flows (19.5% cash payout ratio). However, the dividend has been volatile over the past decade, raising concerns about its reliability for long-term investors.
Sixt
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sixt SE, with a market cap of €2.76 billion, offers global mobility services to private and business customers through a network of corporate and franchise stations.
Operations: Sixt SE generates revenue from various regions, including €1.49 billion in Europe, €1.22 billion in Germany, and €1.21 billion in North America.
Dividend Yield: 6.3%
Sixt SE's recent earnings report revealed a rise in revenue to €1.01 billion for Q2 2024, but net income dropped to €48.29 million from €96.57 million a year ago. Despite its attractive dividend yield of 6.26%, the dividend payments have been volatile and are not well covered by free cash flows, raising sustainability concerns. However, Sixt's P/E ratio of 12.1x indicates good relative value compared to the German market average of 16.2x.