The dividend plans of German firms | EUROtoday

Many shareholders of German corporations have to arrange for decrease dividends. At an estimated 60.5 billion euros, the dividend whole of the 90 corporations within the DAX and M-Dax for the 2025 monetary 12 months shall be round 1.8 billion euros or 2.9 % decrease than the 12 months earlier than. This is what Dekabank calculated.

As issues stand, eight of those corporations are planning a zero spherical for shareholders: within the German inventory index the web vogue retailer Zalando and within the M-Dax the businesses Auto1, Delivery Hero, Hellofresh, Ionos, Nordex, Redcare Pharmacy and Teamviewer. The disaster within the automotive sector specifically is seen as a brake on dividends: among the many seven corporations within the high German inventory market league the place a decline in dividends is anticipated are 5 automobile producers or suppliers: BMW, Mercedes-Benz, VW, Porsche Holding and Continental. This signifies that the destructive pattern from the earlier 12 months is continuous, write the economists at Dekabank: The “loss of importance of the German automotive industry” is now “also hitting corporate profits and dividend distributions with full force”.

Deka capital market professional Joachim Schallmayer predicts: “A quick return to dividend strength is not expected in the sector.” While the auto producers represented within the higher home of the German inventory change will collectively pay out nearly 6.8 billion euros, 3.3 billion euros lower than a 12 months in the past, the monetary sector is offering an actual windfall: With 14.2 billion euros, Allianz, Hannover Re, Munich Re, Commerzbank, Deutsche Bank and Deutsche Börse are by far the lion’s share of the anticipated DAX dividends of 52.9 billion euros.

The shareholders of the insurer Allianz can as soon as once more hope for the most important sum. You will obtain 6.5 billion euros. However, the index document of 54.3 billion euros in dividends that flowed in 2024 for the 2023 monetary 12 months shall be missed. But though a decline within the total quantity of distributions is anticipated, the forecasts for greater than half of the 40 DAX corporations are above the earlier 12 months’s values: a rise in distributions is forecast for 23 corporations. The dividend per share for 9 DAX corporations is anticipated to stay unchanged. Once once more, no distribution to shareholders is anticipated for the web buying and selling firm Zalando.

According to calculations by Dekabank, the 50 corporations listed within the index for medium-sized corporations (M-Dax) can pay a complete of seven.6 billion euros in dividends for the 2025 monetary 12 months – round 15 % lower than a 12 months earlier. In the M-Dax, a rise within the payout per share is anticipated for 22 corporations, Dekabank expects an unchanged dividend for 20 corporations, and it will likely be much less for eight corporations.

Dekabank explains the numerous decline within the whole quantity within the M-Dax with Porsche AG: Since the calculations are primarily based on the present index composition, the Stuttgart sports activities automobile producer, which was relegated from the primary German inventory change league in September 2025, shall be included within the M-Dax in each years. Without taking Porsche into consideration, the entire payout of the M-Dax corporations for the 2025 monetary 12 months could be 2.4 % larger than the earlier 12 months.