Investing in Germany is quite easy, you could do so by buying German stocks. There are many German stocks to invest in, but in this article, I will talk about Germany's blue-chip stocks, stocks from the DAX index
The DAX (Deutscher Aktienindex (German stock index)) is a blue-chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization.
Here I have listed all 30 stocks from the DAX index, sorting by the highest dividend yield.
When looking at German stocks, I'm more interested in selling options on them, as to collect dividends, when talking about the DAX index - all stocks from the index are optionable, which is awesome.
Click here to join my covered calls newsletter
Highest paying dividend stocks from the German DAX index
Use this table to find out the highest paying dividend stock in Germany, grouped by sector, stock, price, dividend yield and year established.
| Company | Prime Standard industry group | Ticker symbol | Price | Dividend Yield | Options | Founded |
| Deutsche Lufthansa | Transport Aviation | ETR:LHA | €9.27 | 8.07% | yes | 1953 |
| BASF | Chemicals | ETR:BAS | €49.75 | 6.66% | yes | 1865 |
| Allianz | Insurance | ETR:ALV | €168.90 | 5.64% | yes | 1890 |
| E.ON | Energy | ETR:EOAN | €9.98 | 4.65% | yes | 2000 |
| Munich Re | Insurance | ETR:MUV2 | €210.00 | 4.59% | yes | 1880 |
| Bayer | Pharmaceuticals and chemicals | ETR:BAYN | €62.00 | 4.56% | yes | 1863 |
| BMW | Manufacturing | ETR:BMW | €54.39 | 4.54% | yes | 1916 |
| Volkswagen Group | Manufacturing | ETR:VOW3 | €140.12 | 4.53% | yes | 1937 |
| Continental | Manufacturing | ETR:CON | €91.78 | 4.37% | yes | 1871 |
| Deutsche Post | Logistics | ETR:DPW | €28.98 | 4.31% | yes | 1995 |
| Deutsche Telekom | Communications | ETR:DTE | €14.10 | 4.26% | yes | 1995 |
| Siemens | Industrial, electronics | ETR:SIE | €98.98 | 3.86% | yes | 1847 |
| Covestro | Chemicals | ETR:1COV | €34.92 | 3.47% | yes | 2015 |
| Vonovia | Real estate | ETR:VNA | €50.12 | 3.11% | yes | 2001 |
| RWE | Energy | ETR:RWE | €29.35 | 2.72% | yes | 1898 |
| Daimler | Manufacturing | ETR:DAI | €35.55 | 2.56% | yes | 1926 |
| Henkel | Consumer goods and chemicals | ETR:HEN3 | €78.54 | 2.35% | yes | 1876 |
| Linde | Industrial gases | ETR:LIN | €175.75 | 2.20% | yes | 1879 |
| MTU Aero Engines | Aerospace | ETR:MTX | €152.80 | 2.19% | yes | 1934 |
| Fresenius | Medical | ETR:FRE | €42.36 | 1.98% | yes | 1912 |
| Deutsche Börse | Securities | ETR:DB1 | €148.65 | 1.95% | yes | 1992 |
| Adidas | Clothing | ETR:ADS | €233.00 | 1.64% | yes | 1924 |
| Fresenius Medical Care | Medical | ETR:FME | €73.16 | 1.64% | yes | 1996 |
| Deutsche Bank | Banking | ETR:DBK | €7.79 | 1.41% | yes | 1870 |
| SAP | Software | ETR:SAP | €111.84 | 1.40% | yes | 1972 |
| Infineon Technologies | Semiconductors | ETR:IFX | €19.25 | 1.37% | yes | 1999 |
| HeidelbergCement | Building | ETR:HEI | €45.40 | 1.31% | yes | 1874 |
| Merck | Pharmaceuticals | ETR:MRK | €101.20 | 1.28% | yes | 1668 |
| Beiersdorf | Consumer goods and chemicals | ETR:BEI | €93.84 | 0.77% | yes | 1882 |
| Wirecard | Financial Technology | ETR:WDI | €89.25 | 0.22% | yes | 1999 |
Data source: DAX, stock prices as of May 27, 2020
It's amazing to note, all stocks from the DAX index are paying dividends. I'm not an expert in German stocks but seems dividends are paid annually (unlike in the US, where dividends are paid quarterly or even monthly)
Dividends are not the reason I'm looking at these German stocks, options are.
If you are interested to learn more about our options trades on these German stocks, see this covered call idea with Deutsche Bank stock (FRA:DBK)
