8 Best German Dividend Stocks To Invest In

6. Allianz SE (XETRA:ALV.DE)

Dividend Yield as of December 27: 4.68%

Allianz SE (XETRA:ALV.DE) is a global company based in Munich, Germany, specializing in insurance and asset management services. Allianz SE (XETRA:ALV.DE) offers diverse services – property-casualty insurance for individuals and businesses, life/health insurance covering life plans and health benefits, asset management for institutional and retail investors, and banking and digital investment solutions through its corporate segment.

Sanlam, a South African financial group, and Allianz SE (XETRA:ALV.DE) formed a joint venture, Sanlam Allianz Africa (SanlamAllianz), in September 2023 for their African operations. Sanlam Emerging Markets (SEM) has agreed to sell 8.59% of its share to Allianz Europe BV for R4.5 billion, resulting in SEM holding 51% and Allianz BV 49%. The deal is subject to regulatory approvals and adjustments based on 2024 financials.

In Q3 2024, Allianz SE (XETRA:ALV.DE) reported strong financial growth, with total business volume rising 17.3% to €42.8 billion and operating profit increasing 13.6% to €3.9 billion, driven by strong results in the Property-Casualty segment. Shareholders’ core net income grew by 23% to €2.5 billion. Based on its robust performance, Allianz SE (XETRA:ALV.DE) expects 2024 operating profit to reach the upper half of its €14.8 billion ± €1 billion target range. Additionally, a €1.5 billion share buyback program was completed by October 2024.

Allianz SE (XETRA:ALV.DE), known for its high dividends in the DAX, has increased its dividend by an average of 10% annually over the past decade, reaching €13.80. On December 9, 2024, the company expanded its Dividend Policy into a broader Capital Management Policy, based on net income and capitalization needs. The policy ensures a 60% payout of net income (adjusted for extraordinary items), maintains a dividend per share at least equal to the previous year’s amount, and commits to returning at least 15% of net income to shareholders through share buybacks from 2025-2027. Allianz is one of the best German dividend stocks to buy, with a dividend yield of 4.68% as of December 27.