10 Best German Dividend Stocks To Buy Now

7. Brenntag SE (XETRA:BNR.DE)

Dividend Yield as of April 21: 3.79%

Brenntag SE (XETRA:BNR.DE) is a German distributor of chemicals and specialty ingredients, with operations in the US, the UK, China, Canada, and across Europe. The company also offers services like custom blending, repackaging, inventory and logistics support, and technical advice. Brenntag supports a wide range of industries, including nutrition, pharma, beauty, water treatment, and multiple industrial sectors such as coatings, construction, and rubber. Brenntag SE (XETRA:BNR.DE) is one of the best German dividend stocks to purchase.

On November 22, 2024, Berenberg upgraded Brenntag SE (XETRA:BNR.DE) stock from Hold to Buy, with a price target of €76. Brenntag’s stock had fallen 28% year-to-date in November, but Berenberg sees this as a buying opportunity. The firm believes the current price offers a good entry point and sees the market’s expectations for next year as more realistic. The new price target suggests a potential 30% upside from current levels.

Brenntag SE (XETRA:BNR.DE) partnered exclusively with GFBiochemicals on March 18 to distribute their eco-friendly levulinate esters across Europe’s CASE markets. These next-gen solvents are made from agricultural waste like corn cobs and sugarcane residue, offering a safer, biodegradable alternative to traditional fossil-based options. With no flammability or toxicity issues, they are designed to meet the growing demand for sustainable, high-performance solutions in coatings and industrial applications. This collaboration aligns with both companies’ goals to drive greener chemistry and help the industry reduce its environmental impact.