The DAX is one of the major European indexes and comprised of the 30 largest and most traded companies in Germany. It represents around 80% of the market capitalization of listed stock corporations in Germany.
For non-European investors, it is important to know that dividends are somewhat different than in the US. Dividend pay-outs (ex-dividend) are often once per year in April or May. Unlike the US dividend aristocrats, it is also not common to increase the dividend year by year.
SAP and BASF are two German DAX companies that are on the European Dividend Aristocrats list for 2021. SAP is also one of our holdings in our international dividend portfolio.
The table below lists the top-10 sorted on the current annual dividend yield, PE-ratio, and the 5-year dividend growth percentage.
Members can use the DAX screener to view the latest data, valuations, and dividend growth rates.
