With German DAX struggling, these 4 dividend stocks can boost your portfolio

The German DAX has not been all that impressive in recent weeks. But that may not be a sign that it’s time to turn your back on German stocks. The following 4 dividend stocks still offer opportunity to boost your portfolio.

MVV Energie AG (ETR: MVV1)

MVV Energie is an interesting pick on our list of top German dividend stocks as it did not do all that well in its second quarter.

At €1.99 billion – its sales were down significantly versus a year ago while net income did also take a big hit on a year-over-year basis.

Still, $MVV1 is worth owning if you’re looking for reliable income stocks as it has a solid history of making dividend payments over the past decade.

Shares of this Germany’s leading energy supplier are down well over 15% and pay a dividend yield of 4.74% at writing.

Schloss Wachenheim AG (ETR: SWA)

Good wine, sales growth, and a healthy dividend yield – Schloss Wachenheim has everything to make it to our list of best German dividend stocks to own in 2024.

The company based out of Trier, Germany recently reported a slight year-on-year increase in its sales to €337.91 million

Yes, it’s net income was down versus a year ago but stable dividend payments over the past decade more than cover for it.

$SWA is exciting to own at writing not just for a healthy 3.85% dividend yield but also because analysts currently see this stock as undervalued.

MLP SE (ETR: MLP)

MLP SE warrants and investment if you’re looking or income stocks as it pays a rather lucrative 4.7% in dividend yield.

The financial services firm has successfully pulled out of fluctuations in dividend payments and improved both earnings and revenue in the first quarter of 2024.

So, you can rest assured that its dividend payments are now fully covered by earnings.  

Note that the largest five shareholders currently own over 50% of $MLP while insider ownership sits at about 23% at writing. It’s usually a positive when insiders own a considerable number of company shares.

ProCredit Holding AG (ETR: PCZ)

ProCredit pays the highest dividend yield of all names on our list of top German dividend stocks at 6.50%.

It is basically a commercial bank that caters mostly to small and medium enterprises. While it’s dividend history has been more volatile, a 33.2% payout ratio suggests its earnings more than cover for the dividend payments currently.

$PCZ may be worth owning because it’s trading over 60% discount to its estimates fair value even though it has shown significant growth recently.

At €33.5 million in the first quarter of 2024, ProCredit saw its net income come in significantly higher than €29.5 million a year ago.