Top German Dividend Stocks To Consider In August 2024

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As global markets grapple with economic uncertainties, the German DAX index has faced significant declines, reflecting broader concerns about growth and inflation within the Eurozone. Despite these challenges, dividend stocks remain a compelling option for investors seeking steady income streams amid market volatility. In this context, selecting robust dividend stocks becomes crucial. Companies with strong fundamentals and reliable payout histories can provide stability and potential returns in uncertain times.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.62%

★★★★★★

Deutsche Post (XTRA:DHL)

5.04%

★★★★★★

OVB Holding (XTRA:O4B)

4.79%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

9.31%

★★★★★☆

INDUS Holding (XTRA:INH)

5.94%

★★★★★☆

MLP (XTRA:MLP)

5.58%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.88%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.24%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.42%

★★★★★☆

FRoSTA (DB:NLM)

3.42%

★★★★★☆

Click here to see the full list of 31 stocks from our Top German Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Siemens

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

Overview: Siemens Aktiengesellschaft is a technology company specializing in automation and digitalization across various regions globally, with a market cap of approximately €121.16 billion.

Operations: Siemens generates revenue from several segments: Portfolio Companies (€3.24 billion), Siemens Financial Services (€385 million), Mobility (€10.96 billion), Digital Industries (€20.99 billion), Siemens Healthineers (€21.87 billion), and Smart Infrastructure (€20.43 billion).

Dividend Yield: 3%

Siemens offers a reliable dividend yield of 3.03%, though it is lower than the top 25% of German dividend payers. The company's dividends have been stable and growing over the past decade, with a payout ratio of 51.5% covered by earnings and cash flows (36.8%). Recent strategic moves include selling its motors business for €3 billion and forming alliances to expand in sustainable energy storage, potentially enhancing future revenue streams.

XTRA:SIE Dividend History as at Aug 2024
XTRA:SIE Dividend History as at Aug 2024

Logwin

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

Overview: Logwin AG offers logistics and transport solutions across Germany, Austria, other European countries, Asia/Pacific, and internationally with a market cap of €760.11 million.

Operations: Logwin AG's revenue is primarily derived from its Solutions segment (€275.78 million) and Air + Ocean segment (€954.25 million).