Top German Dividend Stocks For October 2024
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As the European Central Bank continues its monetary easing with a second consecutive rate cut, Germany's DAX Index has seen a modest gain of 1.46%, reflecting positive investor sentiment amid expectations for further economic support. In this context, dividend stocks in Germany present an attractive opportunity for investors seeking steady income streams, especially when considering companies with strong fundamentals and consistent dividend payouts in a low-interest-rate environment.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 6.82% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.99% | ★★★★★★ |
| SAF-Holland (XTRA:SFQ) | 5.99% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.66% | ★★★★★☆ |
| Mensch und Maschine Software (XTRA:MUM) | 3.00% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 6.80% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.69% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.31% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.21% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.28% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top German Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
DATA MODUL Produktion und Vertrieb von elektronischen Systemen
Simply Wall St Dividend Rating: ★★★★★☆
Overview: DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen develops, manufactures, and distributes flatbed displays, monitors, electronic subassemblies, and information systems both in Germany and internationally with a market cap of €103.67 million.
Operations: DATA MODUL's revenue is primarily derived from its Displays segment, contributing €161.99 million, followed by the Systems segment with €96.65 million.
Dividend Yield: 6.8%
DATA MODUL's dividend yield is among the top 25% in Germany, but its dividend history has been volatile and unreliable over the past decade. Despite this, dividends are well-covered by both earnings and cash flows, with a payout ratio of 64% and a cash payout ratio of 19.5%. Recent earnings showed declines in sales and net income compared to last year, which may impact future dividend stability. The stock trades at a favorable price-to-earnings ratio relative to the German market.
INDUS Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: INDUS Holding AG is a private equity firm focused on mergers, acquisitions, and corporate spin-offs, with a market cap of €539.13 million.