Top 3 German Dividend Stocks To Consider In July 2024
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As of July 2024, the German market has experienced notable volatility, with the DAX index declining by 3.07% amid escalating U.S.-China trade tensions and mixed signals from economic indicators across Europe. In such a fluctuating environment, dividend stocks can offer investors potential stability and steady income streams, making them an attractive option to consider.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.26% | ★★★★★★ |
| MLP (XTRA:MLP) | 5.21% | ★★★★★☆ |
| INDUS Holding (XTRA:INH) | 5.19% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.71% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 8.25% | ★★★★★☆ |
| Südzucker (XTRA:SZU) | 7.50% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.41% | ★★★★★☆ |
| Deutsche Telekom (XTRA:DTE) | 3.17% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.38% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.15% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top German Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Brenntag
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Brenntag SE is a global distributor of industrial and specialty chemicals and ingredients, operating across regions including Germany, Europe, the Middle East, Africa, the Americas, and Asia Pacific, with a market capitalization of approximately €9.45 billion.
Operations: Brenntag SE generates revenue through its Brenntag Essentials segment across various regions, with €4.28 billion from North America, €3.34 billion from Europe, the Middle East & Africa (EMEA), €708 million from Asia Pacific (APAC), and €670.20 million from Latin America.
Dividend Yield: 3.2%
Brenntag SE has demonstrated a consistent dividend reliability over the past decade, with its payouts well-supported by both earnings and cash flows, holding payout ratios at 48.9% and 28.1% respectively. Despite a lower yield of 3.21% compared to some German market leaders, the dividends are stable and have shown growth. Recent corporate activities include significant share buybacks totaling €750 million and consistent cash dividends paid out in May 2024, underscoring ongoing shareholder returns amid fluctuating quarterly earnings from €4.53 billion to €4 billion year-over-year with a decline in net income from €215.9 million to €141.4 million.
DATA MODUL Produktion und Vertrieb von elektronischen Systemen
Simply Wall St Dividend Rating: ★★★★★☆
Overview: DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen is a company based in Germany that specializes in the development, manufacture, and distribution of flatbed displays, monitors, electronic subassemblies, and information systems globally, with a market capitalization of approximately €95.21 million.