DAX dividend season 2024: Why Allianz shares are my favorite

DAX dividend season 2024: Why Allianz shares are my favorite

According to a report by www.aktienwelt360.de,

The dividend season in the DAX is approaching and it is advisable to look at potential dividend stocks early in order to secure attractive dividends. In an article from Aktienwelt360, an economic expert shares his favorite for the 2024 dividend season: Allianz shares.

According to the expert, Allianz shares are a good value choice due to their current dividend yield of around 4.6% and their expected price-earnings ratio between 10 and 12. The company also posted impressive earnings growth in fiscal 2023, highlighting the potential for dividend growth in the coming season.

Based on this information, the expert states that the dividend per share is expected to increase to approximately 12.00 euros, which corresponds to a dividend yield of 4.83%. In addition, Allianz has historically averaged dividend growth of 10% per year and could also surprise with share buybacks. All of these factors make Allianz shares a promising choice for the 2024 dividend season.

However, the expert also emphasizes possible risks, such as falling interest rates or declining insurance markets, which should be taken into account. Nevertheless, in the expert's opinion, Allianz shares present an attractive opportunity to benefit from dividends and potential share buybacks.

This analysis highlights the relevance of thorough dividend stock selection for potential dividend growth and sustainability. Investors should carefully consider the factors to make informed investment decisions.