German Dividend Stocks To Consider In October 2024
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As the German economy faces a forecasted contraction for a second consecutive year, recent reports highlight challenges such as declining factory orders, though industrial production has shown some resilience. Despite these economic hurdles, dividend stocks in Germany continue to attract attention for their potential to provide steady income streams amid market volatility. In this context, selecting strong dividend stocks involves assessing companies with stable earnings and robust cash flows that can sustain payouts even during economic downturns.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 6.28% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.88% | ★★★★★★ |
| SAF-Holland (XTRA:SFQ) | 5.99% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.69% | ★★★★★☆ |
| INDUS Holding (XTRA:INH) | 5.65% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.28% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.31% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.56% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.25% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.73% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top German Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Edel SE KGaA
Simply Wall St Dividend Rating: ★★★★★★
Overview: Edel SE & Co. KGaA, along with its subsidiaries, functions as an independent music company in Europe with a market cap of €101.69 million.
Operations: Edel SE & Co. KGaA, along with its subsidiaries, operates as an independent music company in Europe.
Dividend Yield: 6.3%
Edel SE KGaA offers an attractive dividend yield of 6.28%, placing it among the top 25% of dividend payers in Germany. Its dividends are well-covered by earnings (payout ratio: 52.7%) and cash flows (cash payout ratio: 71%), indicating sustainability. Despite a high debt level, its financial position supports stable and reliable dividends over the past decade, with consistent growth in payments. The stock trades at a good value relative to peers and industry standards, enhancing its appeal for income-focused investors.
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 €93.13 million.
Operations: PWO AG generates revenue primarily from its Auto Parts & Accessories segment, amounting to €564.29 million.