German Undervalued Dividend Payers

Siemens

Market Cap: €159.3b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Deutsche Telekom

Market Cap: €155.4b

Provides integrated telecommunication services worldwide.

Deutsche Post

Market Cap: €49.7b

Operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

Mercedes-Benz Group

Market Cap: €49.2b

Operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally.

Bayerische Motoren Werke

Market Cap: €47.6b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Deutsche Bank

Market Cap: €47.3b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa.

Merck KGaA

Market Cap: €46.7b

Operates as a science and technology company in Europe, North America, Latin America, Middle East and Africa, and the Asia Pacific.

Siemens Healthineers

Market Cap: €40.3b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Commerzbank

Market Cap: €32.6b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Daimler Truck Holding

Market Cap: €31.3b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Talanx

Market Cap: €27.1b

Provides insurance and reinsurance products and services worldwide.

Fresenius SE KGaA

Market Cap: €25.1b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

adidas

Market Cap: €23.5b

Designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally.

DWS Group GmbH KGaA

Market Cap: €10.8b

Offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Fresenius Medical Care

Market Cap: €10.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

CTS Eventim KGaA

Market Cap: €4.8b

Operates in the leisure events market in Germany, Italy, Switzerland, the United States, Austria, the United Kingdom, Spain, Netherlands, Finland, France, Denmark, Sweden, Norway, Chile, Brazil, and internationally.

Bilfinger

Market Cap: €3.6b

Provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East.

Bechtle

Market Cap: €3.5b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

Carl Zeiss Meditec

Market Cap: €2.1b

Operates as a medical technology company in Germany, rest of Europe, North America, and Asia.

DEUTZ

Market Cap: €1.3b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

HORNBACH Holding KGaA

Market Cap: €1.2b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Kontron

Market Cap: €1.2b

Provides Internet of Things software and solutions in Europe and internationally.

Befesa

Market Cap: €1.2b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

MLP

Market Cap: €758.4m

Provides financial services to private, corporate, and institutional clients in Germany.

INDUS Holding

Market Cap: €675.9m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

CEWE Stiftung KGaA

Market Cap: €619.9m

Operates as a photo service and online printing provider in Germany and internationally.

Nagarro

Market Cap: €572.5m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Mensch und Maschine Software

Market Cap: €552.4m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

GFT Technologies

Market Cap: €436.3m

Provides digital transformation services.

ProCredit Holding

Market Cap: €425.2m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.