Top German Dividend Stocks To Watch In October 2024
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As tensions in the Middle East escalate, oil prices have surged, causing a ripple effect across global markets. In Europe, the pan-European STOXX Europe 600 Index has seen a decline as investors grow cautious amid these geopolitical uncertainties. Amidst such volatility, dividend stocks in Germany offer an attractive proposition for those seeking steady income streams and potential stability.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 6.67% | ★★★★★★ |
| Deutsche Post (XTRA:DHL) | 4.85% | ★★★★★★ |
| SAF-Holland (XTRA:SFQ) | 5.67% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.71% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.52% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.74% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.32% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.39% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.31% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.69% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top German Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
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 €93.80 million.
Operations: DATA MODUL's revenue is comprised of €96.65 million from Systems and €161.99 million from Displays.
Dividend Yield: 7.5%
DATA MODUL's dividend yield is among the top 25% in Germany, supported by a reasonable payout ratio of 64% and a low cash payout ratio of 19.5%. However, recent earnings show a decline, with Q2 sales at €50.99 million and net income at €0.897 million compared to last year. Despite historical dividend volatility, payments have grown over the past decade. The stock trades at a favorable P/E ratio of 8.5x versus the market's 17x.
INDUS Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: INDUS Holding AG is a private equity firm focused on mergers and acquisitions as well as corporate spin-offs, with a market cap of €557.18 million.
Operations: INDUS Holding AG generates revenue from its core segments, including Materials (€584.27 million), Engineering (€586.92 million), and Infrastructure (€567.79 million).