5 Best German Dividend Stocks to Buy

3. Varta AG (OTC:VARTY)

Forward Dividend Yield: 9.03%

Varta AG (OTC:VARTY) is an Ellwangen, Germany-based commercial, industrial and miniaturized battery supplier that aims to capitalize on the rising renewable energy market. Varta AG (OTC:VARTY) has a headcount of 3,800 employees and five manufacturing facilities. The company is active in 75 countries across the world.

Varta AG (OTC:VARTY) intends to spin off its electric mobility and battery pack business as an independent entity called V4Drive SE. As a result, the current CEO of Varta AG, Herbert Schein, will step down from this current position and will take over the e-mobility and battery packs business. The company plans to continue the construction of the V4Drive battery plant once it receives binding commitments from its customers. The plant will be focused on producing batteries for electric vehicles (EVs). It must be noted that the pilot production will proceed as per the initial plans and manufacture batteries to fulfill the needs of a premium car manufacturer. According to some observers, Porsche is said to be the premium car manufacturer that Varta AG (OTC:VARTY) will be working for. Varta AG (OTC:VARTY) offers an annual payout of $2.48, translating into a strong forward dividend yield of 9.03% as of December 8.