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Allianz And Two More Premier German Dividend Stocks

Recent political upheavals and economic uncertainties have left the European markets, including Germany's DAX, in a state of flux, reflecting a cautious outlook among investors. In such times, dividend stocks like Allianz become particularly appealing due to their potential for providing steady income streams amidst market volatility.

Top 10 Dividend Stocks In Germany

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.37%

★★★★★★

Deutsche Post (XTRA:DHL)

4.87%

★★★★★★

Südzucker (XTRA:SZU)

6.52%

★★★★★☆

Deutsche Telekom (XTRA:DTE)

3.38%

★★★★★☆

INDUS Holding (XTRA:INH)

4.86%

★★★★★☆

MLP (XTRA:MLP)

4.79%

★★★★★☆

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

6.41%

★★★★★☆

SAF-Holland (XTRA:SFQ)

4.69%

★★★★★☆

Mercedes-Benz Group (XTRA:MBG)

8.34%

★★★★★☆

Uzin Utz (XTRA:UZU)

3.14%

★★★★★☆

Click here to see the full list of 32 stocks from our Top Dividend Stocks screener.

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

Allianz

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

Overview: Allianz SE operates globally, offering property-casualty insurance, life/health insurance, and asset management services with a market capitalization of approximately €99.92 billion.

Operations: Allianz SE generates revenue primarily through three segments: property-casualty insurance (€73.12 billion), life/health insurance (€44.96 billion), and asset management (€3.23 billion).

Dividend Yield: 5.4%

Allianz SE, a stalwart in the German market, offers a dividend yield of 5.37%, positioning it in the top 25% of German dividend payers. The company has demonstrated stability and growth in its dividends over the past decade, supported by a reasonable payout ratio of 65.1% and an even lower cash payout ratio of 24%, ensuring dividends are well-covered by both earnings and cash flows. Recent strategic moves include a potential significant stake acquisition in Income Insurance Limited, reflecting its ongoing commitment to expand its market presence while maintaining robust shareholder returns through stable dividends.

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

KSB SE KGaA

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

Overview: KSB SE & Co. KGaA is a global manufacturer and supplier of pumps, valves, and related services with a market capitalization of approximately €1.17 billion.

Operations: KSB SE & Co. KGaA generates revenue primarily through three segments: pumps (€1.51 billion), valves (€361.44 million), and KSB Supremeserv (€943.90 million).

Dividend Yield: 3.8%

KSB SE & Co. KGaA reported a substantial earnings increase to €152.3 million in 2023 from €103.65 million in 2022, with sales rising to €2.82 billion. Despite this growth, its dividend yield of 3.77% remains below the top quartile of German dividend stocks at 4.69%. Dividends are well-supported by a low payout ratio of 29.9% and cash flow coverage at 26.2%, yet the company's history shows an unstable track record with volatile dividends over the past decade, suggesting potential concerns for those seeking consistent income.

XTRA:KSB Dividend History as at Jun 2024
XTRA:KSB Dividend History as at Jun 2024

Mercedes-Benz Group

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

Overview: Mercedes-Benz Group AG is a global automotive company based in Germany, specializing in the production and sale of premium vehicles, with a market capitalization of approximately €63.55 billion.

Operations: Mercedes-Benz Group AG generates revenue through three primary segments: Mercedes-Benz Cars (€110.66 billion), Mercedes-Benz Vans (€20.57 billion), and Mercedes-Benz Mobility (€26.93 billion).

Dividend Yield: 8.3%

Mercedes-Benz Group AG's dividend yield of 8.34% ranks in the top 25% in Germany, supported by a payout ratio of 41.9% and cash flow coverage at 70.2%. Despite a recent dividend increase to €5.30 per share, earnings are expected to decline slightly over the next three years, and historical dividends have shown volatility. Additionally, debt is poorly covered by operating cash flow, indicating potential financial stress that could impact future dividend sustainability.

XTRA:MBG Dividend History as at Jun 2024
XTRA:MBG Dividend History as at Jun 2024

Where To Now?

  • Embark on your investment journey to our 32 Top Dividend Stocks selection here.

  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.

  • Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Ready To Venture Into Other Investment Styles?

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include XTRA:ALV XTRA:KSB and XTRA:MBG.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com