Frankfurt/Main (dpa) – According to a study, Germany’s largest listed companies are paying out more in dividends this year despite the economic slowdown. In total, the 40 DAX companies are expected to pay out around 55.3 billion euros, according to calculations by the consultancy EY. This is said to be 5.9 per cent more than last year (52.2 billion euros), marking a new record high.
According to the study, 25 DAX-listed companies are paying higher dividends for the past financial year than in the previous year, while payouts are declining at ten companies. Many companies are reported to have seen strong results for the past year, and shareholders are now benefiting.
Allianz remains the top dividend payer, with a total of 6.5 billion euros, followed by Deutsche Telekom (4.8 billion euros) and Siemens (4.2 billion euros). Next come Mercedes-Benz, the reinsurer Munich Re and SAP.
Dividends are rising particularly strongly at engine manufacturer MTU Aero Engines (up 64 per cent), Deutsche Bank (up 44 per cent) and Commerzbank (up 61 per cent).
The struggling automotive industry in particular is paying out less than in the previous year.
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