Top German Dividend Stocks To Watch In September 2024

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Germany's DAX index has recently experienced a 2.17% rise, buoyed by an interest rate cut from the European Central Bank amid signs of weakening economic growth and slowing inflation in the eurozone. As investors navigate these shifting economic landscapes, dividend stocks can offer a stable income stream and potential for capital appreciation. In this context, identifying strong dividend stocks involves looking for companies with consistent earnings, robust cash flows, and a commitment to returning value to shareholders through regular dividends. Here are three top German dividend stocks to watch in September 2024.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

All for One Group (XTRA:A1OS)

3.19%

★★★★★☆

MLP (XTRA:MLP)

5.29%

★★★★★☆

SAF-Holland (XTRA:SFQ)

5.29%

★★★★★☆

OVB Holding (XTRA:O4B)

4.74%

★★★★★☆

Allianz (XTRA:ALV)

4.78%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

9.20%

★★★★★☆

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

7.58%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.21%

★★★★★☆

FRoSTA (DB:NLM)

3.31%

★★★★★☆

MVV Energie (XTRA:MVV1)

3.73%

★★★★★☆

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

Let's explore several standout options from the results in the screener.

Allianz

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

Overview: Allianz SE, with a market cap of €111.56 billion, operates globally through its subsidiaries offering property-casualty insurance, life/health insurance, and asset management products and services.

Operations: Allianz SE generates revenue from property-casualty insurance (€74.95 billion), life/health insurance (€45.52 billion), and asset management (€3.34 billion) segments worldwide.

Dividend Yield: 4.8%

Allianz's dividend payments have been stable and growing over the past 10 years, with a current yield of 4.79%. The company's dividends are well-covered by earnings (60% payout ratio) and cash flows (23.1% cash payout ratio). Recent activities include completing a $1.25 billion fixed-income offering, repurchasing shares worth €1 billion, and affirming its 2024 operating profit target at €14.8 billion.

XTRA:ALV Dividend History as at Sep 2024
XTRA:ALV Dividend History as at Sep 2024

DATAGROUP

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

Overview: DATAGROUP SE provides IT solutions in Germany and internationally, with a market cap of €335.76 million.

Operations: DATAGROUP SE generates revenue through its Services segment (€456.25 million) and Solutions & Consulting segment (€77.59 million).