Allianz And 2 Other Leading German Dividend Stocks

Amidst a backdrop of economic adjustments, the German market has shown resilience with the DAX index gaining 1.46% following a second consecutive interest rate cut by the European Central Bank. As investors navigate these evolving conditions, dividend stocks like Allianz and others stand out for their potential to provide steady income streams, making them attractive options in times of monetary policy shifts.

Top 10 Dividend Stocks In Germany

Name	Dividend Yield	Dividend Rating
Edel SE KGaA (XTRA:EDL)	6.64%	★★★★★★
Deutsche Post (XTRA:DHL)	4.91%	★★★★★★
SAF-Holland (XTRA:SFQ)	5.96%	★★★★★☆
OVB Holding (XTRA:O4B)	4.64%	★★★★★☆
DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM)	7.19%	★★★★★☆
Uzin Utz (XTRA:UZU)	3.31%	★★★★★☆
Mercedes-Benz Group (XTRA:MBG)	9.30%	★★★★★☆
Allianz (XTRA:ALV)	4.58%	★★★★★☆
FRoSTA (DB:NLM)	3.31%	★★★★★☆
MVV Energie (XTRA:MVV1)	3.76%	★★★★★☆

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

Here's a peek at a few of the choices from the screener.

Allianz (XTRA:ALV)

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

Overview: Allianz SE, with a market cap of €116.24 billion, operates globally offering property-casualty insurance, life/health insurance, and asset management products and services through its subsidiaries.

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

Dividend Yield: 4.6%

Allianz offers a stable dividend yield of 4.58%, with dividends well-covered by earnings and cash flows, indicated by payout ratios of 60% and 23%, respectively. The company has maintained reliable and increasing dividend payments over the past decade. Recent activities include a $1.25 billion fixed-income offering, share buybacks totaling €1 billion, and strategic partnerships enhancing its reinsurance capabilities. Allianz affirmed its operating profit target for 2024 at €14.8 billion amidst solid earnings growth.

• Dive into the specifics of Allianz here with our thorough dividend report.
• Upon reviewing our latest valuation report, Allianz's share price might be too optimistic.

SAF-Holland (XTRA:SFQ)

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

Overview: SAF-Holland SE manufactures and supplies chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses with a market cap of approximately €647.32 million.

Operations: SAF-Holland SE's revenue segments are comprised of €863.53 million from the Americas, €276.09 million from Asia/Pacific (APAC)/China/India, and €942.98 million from Europe, the Middle East, and Africa (EMEA).

Dividend Yield: 6%

SAF-Holland's dividend yield of 5.96% ranks in the top 25% among German stocks, with dividends covered by earnings and cash flows at payout ratios of 41.5% and 25%, respectively. Despite a history of volatility in dividend payments over the past decade, recent earnings growth of 38.3% supports sustainability. The company reported €1 billion in sales for the first half of 2024, projecting full-year sales around €2 billion despite a forecasted second-half decline.

• Click here and access our complete dividend analysis report to understand the dynamics of SAF-Holland.
• The valuation report we've compiled suggests that SAF-Holland's current price could be quite moderate.

technotrans (XTRA:TTR1)

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

Overview: technotrans SE is a global technology and services company with a market cap of €110.87 million.

Operations: technotrans SE generates revenue through its Services segment, which contributes €62.21 million, and its Technology segment, which accounts for €184.28 million.

Dividend Yield: 3.9%

technotrans offers a dividend yield of 3.86%, below the top 25% in Germany, but maintains coverage through a payout ratio of 56.7% and cash payout ratio of 32.3%. Although dividends have grown over the past decade, they remain volatile and unreliable. The stock trades at a significant discount to its estimated fair value, suggesting potential for capital appreciation despite recent share price volatility. Earnings are forecasted to grow annually by 26.14%.

• Delve into the full analysis dividend report here for a deeper understanding of technotrans.
• Our valuation report unveils the possibility technotrans' shares may be trading at a discount.

Seize The Opportunity

• Reveal the 31 hidden gems among our Top German Dividend Stocks screener with a single click here.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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