MLP And Two More German Dividend Stocks To Enhance Your Portfolio

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Amid a week where major European indices, including Germany's DAX, experienced gains following encouraging U.S. inflation data, investors are keenly observing market dynamics. In this context, dividend stocks like MLP can be appealing for their potential to offer steady income streams in a fluctuating economic environment.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.20%

★★★★★★

OVB Holding (XTRA:O4B)

4.69%

★★★★★☆

INDUS Holding (XTRA:INH)

5.11%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.22%

★★★★★☆

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

7.04%

★★★★★☆

Südzucker (XTRA:SZU)

6.85%

★★★★★☆

MLP (XTRA:MLP)

5.31%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.24%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.21%

★★★★★☆

FRoSTA (DB:NLM)

3.08%

★★★★★☆

Click here to see the full list of 30 stocks from our Top German Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

MLP

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

Overview: MLP SE operates as a financial services provider offering solutions to private, corporate, and institutional clients primarily in Germany, with a market capitalization of approximately €0.61 billion.

Operations: MLP SE generates revenue through various segments, with Financial Consulting contributing €0.43 billion, FERI at €0.22 billion, Banking at €0.20 billion, DOMCURA at €0.13 billion, Germany Real Estate at €52 million, and Industrial Broker at €36 million.

Dividend Yield: 5.3%

MLP offers a solid 5.31% dividend yield, ranking in the top 25% for German dividend stocks. Its dividends are well-supported with a low cash payout ratio of 10.9% and an earnings payout ratio of 62.3%. Despite this, MLP's dividend history has shown volatility over the past decade, indicating potential instability in future payouts. Recent financials show growth, with Q1 revenue up to €284.11 million from €262.76 million year-over-year and net income rising to €27.76 million from €23.51 million, suggesting improving company fundamentals.

XTRA:MLP Dividend History as at Jul 2024

K+S

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

Overview: K+S Aktiengesellschaft operates globally as a supplier of mineral products for various sectors including agriculture and industry, with a market capitalization of approximately €2.08 billion.

Operations: K+S Aktiengesellschaft generates €3.67 billion in revenue from its Europe+ operating unit.

Dividend Yield: 6%

K+S offers a dividend yield of 6.03%, placing it among the top 25% of German dividend payers. However, its dividends are not well-supported by earnings or cash flow, with a cash payout ratio at 37% and recent profitability challenges. Dividend payments have shown growth over the past decade but have also been marked by volatility. Recent financials indicate a significant drop in net income to €18.6 million from €263.4 million year-over-year, underscoring potential concerns about sustainability and stability in its dividend payments.