10 Best German Dividend Stocks To Buy Now

6. Allianz SE (XETRA:ALV.DE)

Dividend Yield as of April 21: 4.42%

Allianz SE (XETRA:ALV.DE) is a Munich-based global financial services company that specializes in insurance and asset management. It provides property, life, health, and travel insurance for individuals and businesses, as well as asset management services like investment funds and real estate. It is one of the best German dividend stocks to consider, with a dividend yield of 4.42% as of April 21.

On December 13, 2024, Jefferies raised the price target on Allianz SE (XETRA:ALV.DE) to €325 from €310, but adjusted its rating from Buy to Hold. Jefferies has taken note of Allianz’s stronger growth strategy, which now aims for a 7-9% annual increase in earnings per share. However, the stock was downgraded to Hold as the market has already priced in the optimistic outlook.

Allianz SE (XETRA:ALV.DE) announced on March 17 that it is selling its 26% stake in both Bajaj Allianz General and Life Insurance to its partner, Bajaj Finserv, for around €2.6 billion. While it is stepping away from the joint ventures, Allianz still sees strong growth potential in India and plans to explore new ways to grow there, not just as an investor but also as an operator. The sale, which will be completed in phases and needs regulatory approval, aligns with Allianz’s updated capital strategy, focusing on reinvesting in promising opportunities, especially in India.