10 Best German Dividend Stocks To Buy Now

8. E.ON SE (XETRA:EOAN.DE)

Dividend Yield as of April 21: 3.60%

Ranking 8th on our list of the best German dividend stocks is E.ON SE (XETRA:EOAN.DE), an Essen-based energy company operating in Germany, the UK, Sweden, the Netherlands, and internationally. The company manages power and gas distribution networks, provides sustainable energy solutions for cities, industries, and households, and installs smart energy meters, solar systems, and heating solutions.

On January 9, 2025, E.ON SE (XETRA:EOAN.DE) raised €1.75 billion through two new bond issues – an €850 million bond due in 2033 with a 3.5% coupon, and a €900 million green bond maturing in 2040 with a 4.0% coupon. The offering saw strong demand, attracting over €4.3 billion in orders. With this, E.ON has already covered a large part of its 2025 funding needs early in the year.

In fiscal year 2024, E.ON SE (XETRA:EOAN.DE) reported an adjusted EBITDA of €9.0 billion, landing at the high end of its guidance, and a net income of €2.9 billion. 2023 had some one-off gains, so profits in 2024 were slightly lower than last year. However, underlying performance improved because of smart investments and solid operations. E.ON invested a record €7.5 billion into expanding and modernizing its energy networks. That includes nearly half a million new connections to the grid across Europe. The company also poured more money into digital energy tools, battery storage, EV charging, and smart meters, especially in the UK and Germany. E.ON plans to invest €43 billion between 2024 and 2028, with the bulk going toward electricity networks.