Dividend record: German AGs pay out 62.5 billion euros
Discover the top 15 stocks with the highest dividend growth in Germany. Find out which companies have continuously increased their payouts and which industries are particularly successful. Immerse yourself in the world of passive income!

Dividend record: German AGs pay out 62.5 billion euros
This year, German stock corporations in the DAX, MDAX and SDAX are paying out around 62.5 billion euros in dividends. This amount marks an increase of 1.6 percent compared to the previous year and represents the third consecutive dividend record year. A dividend study by financial expert Christian Röhl from DividendAdel, the German Protection Association for Securities Ownership e.V. (DSW) and the University of Economics & Management Non-Profit Society (FOM) revealed this result.
The analysis examined companies that have consistently increased their dividends, companies that have paid stable dividends for a long time, and companies with the best dividend growth over a ten-year period. Among the selected companies, every sixth company in the selection indices was able to increase its dividend by double digits on average over the last ten years.
Particularly noteworthy are the companies Atoss, Nemetschek, Bechtle and Adesso from the IT and software sector, which have granted their shareholders an increase in dividends every year. Atoss stands out because not only does the company have average annual dividend growth of 25.1 percent over ten years, but it is also one of the Aristocrat contenders, having consistently increased its dividends for a decade.
Despite these positive developments, there are also companies in the study that are referred to as “fallen angels”. These are companies that have either canceled or reduced their dividend payouts over time. This makes it clear that dividend history is no guarantee for the future. Some dividend payers have experienced difficulties, particularly during the Corona pandemic.
Interestingly, only Fuchs Petrolub and Cewe, each in the petroleum and chemical sectors as well as in the photography services sector, were able to maintain their long-term track record even during the pandemic. These companies have successfully continued their dividend strategy and thus demonstrated stability in their distributions.