Top 3 Dividend Stocks On The German Exchange

Amidst renewed fears about global economic growth, the German market has seen a notable decline, with the DAX index dropping 3.20% recently. This backdrop of economic uncertainty makes it crucial for investors to consider stocks that offer reliable dividends as a source of steady income. When evaluating dividend stocks in such conditions, it's important to focus on companies with strong financial health and consistent dividend payment histories.

Top 10 Dividend Stocks In Germany

Name	Dividend Yield	Dividend Rating
All for One Group (XTRA:A1OS)	3.24%	★★★★★☆
MLP (XTRA:MLP)	5.41%	★★★★★☆
SAF-Holland (XTRA:SFQ)	5.35%	★★★★★☆
Allianz (XTRA:ALV)	4.85%	★★★★★☆
OVB Holding (XTRA:O4B)	4.71%	★★★★★☆
INDUS Holding (XTRA:INH)	5.54%	★★★★★☆
Mercedes-Benz Group (XTRA:MBG)	9.52%	★★★★★☆
FRoSTA (DB:NLM)	3.28%	★★★★★☆
Uzin Utz (XTRA:UZU)	3.24%	★★★★★☆
MVV Energie (XTRA:MVV1)	3.76%	★★★★★☆

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

Here we highlight a subset of our preferred stocks from the screener.

All for One Group (XTRA:A1OS)

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

Overview: All for One Group SE, with a market cap of €218.72 million, offers business software solutions for SAP, Microsoft, and IBM across Germany, Switzerland, Austria, Poland, Luxembourg, and internationally.

Operations: All for One Group SE generates revenue primarily through its CORE segment (€442.47 million) and LOB segment (€77.01 million).

Dividend Yield: 3.2%

All for One Group offers a reliable dividend yield of 3.24%, though it's lower than the top 25% of German dividend payers. The dividends are well-covered by earnings (49% payout ratio) and cash flows (19% cash payout ratio), ensuring sustainability. Recent earnings reports show significant improvement, with net income rising to €10.29 million for the nine months ending June 30, 2024, up from €6.76 million a year ago, supporting its stable dividend history over the past decade.

• Unlock comprehensive insights into our analysis of All for One Group stock in this dividend report.
• Our valuation report here indicates All for One Group may be undervalued.

OVB Holding (XTRA:O4B)

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

Overview: OVB Holding AG, with a market cap of €272.20 million, offers advisory and brokerage services to private households across Europe through its subsidiaries.

Operations: OVB Holding AG generates €382.93 million in revenue from its Insurance Brokers segment.

Dividend Yield: 4.7%

OVB Holding's dividend payments have been stable and growing over the past 10 years, supported by a payout ratio of 70.3% and a cash payout ratio of 56.6%, ensuring sustainability. Despite offering a lower yield (4.71%) than the top quartile in Germany, its dividends are well-covered by earnings and cash flows. Recent earnings reports show revenue increased to €204.21 million for the first half of 2024, with net income rising to €9.23 million, indicating strong financial health supporting future dividends.

• Navigate through the intricacies of OVB Holding with our comprehensive dividend report here.
• The valuation report we've compiled suggests that OVB Holding's current price could be quite moderate.

ProCredit Holding (XTRA:PCZ)

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

Overview: ProCredit Holding AG, with a market cap of €474.72 million, offers commercial banking services to small and medium enterprises and private customers across Europe, South America, and Germany through its subsidiaries.

Operations: ProCredit Holding AG generates €422.15 million in revenue from its banking services for small and medium enterprises and private customers across Europe, South America, and Germany.

Dividend Yield: 7.9%

ProCredit Holding's dividend yield of 7.94% places it in the top 25% of German dividend payers, supported by a low payout ratio of 35.3%, ensuring sustainability. However, its seven-year dividend history has been volatile with annual drops over 20%. Recent earnings for H1 2024 showed a decline to €57.6 million from €64.06 million year-over-year, which may impact future payouts despite analysts predicting continued coverage by earnings and good value trading below estimated fair value.

• Click here and access our complete dividend analysis report to understand the dynamics of ProCredit Holding.
• Our valuation report unveils the possibility ProCredit Holding's shares may be trading at a discount.

Where To Now?

• Click through to start exploring the rest of the 28 Top German Dividend Stocks now.
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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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