5 Best German Dividend Stocks to Buy

1. Hapag-Lloyd Aktiengesellschaft (OTC:HPGLY)

Forward Dividend Yield: 18.26%

Hapag-Lloyd Aktiengesellschaft (OTC:HPGLY) is a Hamburg, Germany-based container transportation and shipping company. The company has a fleet of 252 ships with a capacity of 11.9 million TEU (twenty-foot equivalent units). Hapag-Lloyd Aktiengesellschaft (OTC:HPGLY) is present in 137 countries and employs 14,500 people.

The business is thriving due to higher freight rates that are yielding strong margins for the business and countering the adverse impact of higher costs. Hapag-Lloyd Aktiengesellschaft (OTC:HPGLY) is one of the best German dividend stocks as it offers a robust annual forward dividend yield of 18.26% as of December 8.

In Q3 2022, the company’s EBIT increased by 78% YoY and 9% on a sequential basis. During the nine months of 2022, Hapag-Lloyd Aktiengesellschaft (OTC:HPGLY) generated a net profit of $14.7 billion. The company has entered into a five-year agreement with Portchain Connect that would digitalize the berth alignment process across Hapag-Lloyd’s terminals globally. This is in line with the company’s detailed Fleet Upgrade Program, which has been underway since August 2022. Hapag-Lloyd Aktiengesellschaft (OTC:HPGLY) has also announced the appointment of Stuart Sandlin as the President of the North American business. He will take over the new role from January 1, 2023.

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