Blog Archive: June 2020

Top 30 Dividend Paying Stocks in Germany (DAX Index)

| Investments | 732 seen

Investing in Germany is quite easy, you could do so by buying German stocks. There are many German stocks to invest in, but in this article, I will talk about Germany's blue-chip stocks, stocks from the DAX index

The DAX (Deutscher Aktienindex (German stock index)) is a blue-chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization.

Here I have listed all 30 stocks from the DAX index, sorting by the highest dividend yield.

When looking at German stocks, I'm more interested in selling options on them, as to collect dividends, when talking about the DAX index - all stocks from the index are optionable, which is awesome. 

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Highest paying dividend stocks from the German DAX index

Use this table to find out the highest paying dividend stock in Germany, grouped by sector, stock, price, dividend yield and year established.

Company Prime Standard industry group Ticker symbol Price Dividend Yield Options Founded Deutsche Lufthansa Transport Aviation ETR:LHA €9.27 8.07% yes 1953 BASF Chemicals ETR:BAS €49.75 6.66% yes 1865 Allianz Insurance ETR:ALV €168.90 5.64% yes 1890 E.ON Energy ETR:EOAN €9.98 4.65% yes 2000 Munich Re Insurance ETR:MUV2 €210.00 4.59% yes 1880 Bayer Pharmaceuticals and chemicals ETR:BAYN €62.00 4.56% yes 1863 BMW Manufacturing ETR:BMW €54.39 4.54% yes 1916 Volkswagen Group Manufacturing ETR:VOW3 €140.12 4.53% yes 1937 Continental Manufacturing ETR:CON €91.78 4.37% yes 1871 Deutsche Post Logistics ETR:DPW €28.98 4.31% yes 1995 Deutsche Telekom Communications ETR:DTE €14.10 4.26% yes 1995 Siemens Industrial, electronics ETR:SIE €98.98 3.86% yes 1847 Covestro Chemicals ETR:1COV €34.92 3.47% yes 2015 Vonovia Real estate ETR:VNA €50.12 3.11% yes 2001 RWE Energy ETR:RWE €29.35 2.72% yes 1898 Daimler Manufacturing ETR:DAI €35.55 2.56% yes 1926 Henkel Consumer goods and chemicals ETR:HEN3 €78.54 2.35% yes 1876 Linde Industrial gases ETR:LIN €175.75 2.20% yes 1879 MTU Aero Engines Aerospace ETR:MTX €152.80 2.19% yes 1934 Fresenius Medical ETR:FRE €42.36 1.98% yes 1912 Deutsche Börse Securities ETR:DB1 €148.65 1.95% yes 1992 Adidas Clothing ETR:ADS €233.00 1.64% yes 1924 Fresenius Medical Care Medical ETR:FME €73.16 1.64% yes 1996 Deutsche Bank Banking ETR:DBK €7.79 1.41% yes 1870 SAP Software ETR:SAP €111.84 1.40% yes 1972 Infineon Technologies Semiconductors ETR:IFX €19.25 1.37% yes 1999 HeidelbergCement Building ETR:HEI €45.40 1.31% yes 1874 Merck Pharmaceuticals ETR:MRK €101.20 1.28% yes 1668 Beiersdorf Consumer goods and chemicals ETR:BEI €93.84 0.77% yes 1882 Wirecard Financial Technology ETR:WDI €89.25 0.22% yes 1999

Data source: DAX, stock prices as of May 27, 2020

It's amazing to note, all stocks from the DAX index are paying dividends. I'm not an expert in German stocks but seems dividends are paid annually (unlike in the US, where dividends are paid quarterly or even monthly)

Dividends are not the reason I'm looking at these German stocks, options are.

If you are interested to learn more about our options trades on these German stocks, see this covered call idea with Deutsche Bank stock (FRA:DBK)