German Dividend Stocks To Watch In July 2024

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As of July 2024, the German market has faced a notable downturn, with the DAX index dropping by 3.07% amidst broader European economic challenges and rising global trade tensions. This environment prompts investors to consider the stability offered by dividend-paying stocks, which can provide potential income streams and a degree of protection against market volatility.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.26%

★★★★★★

INDUS Holding (XTRA:INH)

5.26%

★★★★★☆

MLP (XTRA:MLP)

5.24%

★★★★★☆

OVB Holding (XTRA:O4B)

4.79%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.29%

★★★★★☆

Südzucker (XTRA:SZU)

7.58%

★★★★★☆

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

7.41%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.19%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.38%

★★★★★☆

FRoSTA (DB:NLM)

3.12%

★★★★★☆

Click here to see the full list of 29 stocks from our Top German Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Brenntag

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

Overview: Brenntag SE operates as a distributor of industrial and specialty chemicals and ingredients across regions including Germany, Europe, the Middle East, Africa, the Americas, and Asia Pacific, with a market capitalization of approximately €9.43 billion.

Operations: Brenntag SE generates revenue through its Brenntag Essentials segment, with sales distributed as follows: €4.28 billion in North America, €3.34 billion in Europe, the Middle East & Africa (EMEA), €708 million in Asia Pacific (APAC), and €670.20 million in Latin America.

Dividend Yield: 3.2%

Brenntag SE offers a consistent dividend yield of 3.21%, although it's lower than the top German market payers. The dividends are well-supported, with a payout ratio of 48.9% and a cash payout ratio of 28.1%, indicating sustainability from both earnings and cash flow perspectives. Dividends have shown stability over the past decade, growing without significant volatility, despite recent earnings declines as Q1 2024 sales dropped to €4 billion from €4.53 billion year-over-year, impacting net income which fell to €141.4 million from €215.9 million.

XTRA:BNR Dividend History as at Jul 2024
XTRA:BNR Dividend History as at Jul 2024

INDUS Holding

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

Overview: INDUS Holding AG is a private equity firm that specializes in mergers and acquisitions as well as corporate spin-offs, with a market capitalization of approximately €613.22 million.