1D·

German dividend stocks

Good morning,

I am generally very focused on dividends and am looking for quality German dividend stocks, (also go international, but want to save some tax), hence German stocks.

Something like Allianz etc. Of course everyone knows them, but I think they have run a bit hot.

Do you have any alternatives? Of course fundamental and qualitative stocks with at least 2.5% dividend. I am invested in Volkswagen, but I am interested in more.

#deutschland
#dividende
$ALV (+1%)

Have a nice rest of the week :)

11 Comments

Kai@Dividenden-Sammler

For German stocks, I find $ALV, $DTE, $DHL and the reinsurers $MUV2 and $HNR1 interesting dividend stocks. For dividend growth strategies, you can also take a look at $BC8 or $SAP.

And by the way, if the aim is to save taxes, as you write, and you have already fully utilized your tax-free allowance, foreign stocks (e.g. USA) are actually more interesting than German stocks.

•

Maxyzz@Maxyzz_

13H

@Dividenden-Sammler can you explain to me why foreign shares make more sense? don't I pay withholding tax? so there's probably a good reason but I'm at a loss :D

••

Kai@Dividenden-Sammler

12H

@Maxyzz_ Sure, I can explain that to you. Let's assume that the tax-free amount has been exhausted, then you would pay 25% capital gains tax + 5.5% solidarity surcharge + possibly 8-9% personal income tax.
With a dividend of €100, that would be €25 capital gains tax and €1.38 solidarity surcharge (I'll leave out KiSt for now). Together, this means a tax deduction of €26.38, leaving you with a net amount of €73.62.

In the case of a US dividend with an equivalent value of €100, the withholding tax of 15% (€15) is first deducted directly at source - i.e. in the USA. In Germany, therefore, only €85 of the dividend is taxed. As the US withholding tax is fully creditable due to the double taxation agreement between the USA and Germany, only the difference will be deducted as capital gains tax in Germany. So 25%-15% withholding tax remains on the €85 dividend that arrives in Germany ... i.e. €8.50 capital gains tax. The solidarity surcharge is now due on this, which is another €0.47 (5.5% of €8.50). Together QSt + KapESt + Soli (15€+8,50+0,47) would be a tax deduction of 23,97€ and from your dividend of 100€ you would have 76,03€ net left.

If you still had to pay KiSt, it would be 8-9% of the German dividend from the €25 capital gains tax and, in the case of a US dividend, the 8-9% from "only" €8.50 capital gains tax.

In short, there is no solidarity surcharge or corporation tax on the withholding tax abroad.

I hope I have been able to make this clear to you.

The important thing is how much withholding tax you have to pay in the company's country and how much of it can be offset against the German capital gains tax. If it is 15%, it is usually also fully creditable. If it is more, you may have to reclaim it from the foreign tax authority.

There are also countries that do not levy withholding tax, such as the UK or Singapore. In these cases, the same amount of tax is payable as for German companies, as the full dividend arrives in Germany

•

fund_whisperer_1582@fund_whisperer_1582

@Dividenden-Sammler mega explained, thank you!

••

KonradM@KonradM

Good morning,

I am also invested in Allianz, but I also have Heidelberg Materials and BMW (the preferred share).

Maybe something for you too?

•

DerDanner@Therapeut

Hannover Re $HNR1

•

Mav83!@Maverick4831

I would also like to have Allianz in my portfolio, but I can't find a way in.

How about $DTE?

•

Clown I.@alex1973

Take a non-binding look at the following: $LEI $VIB3 $NLM. I have already sold the latter myself because the price gain was so high. However, I would get back in if there is a setback.

•

fund_manager_272@fund_manager_272

23H

$RWE ?

••

Smudo@Smudeo

22H

$TLX
$SIX2
$MBG
$BAS

••

stocker_1862@stocker_1862

20H

All car stocks pay a good dividend and I think the bottom has been reached. BMW would be my recommendation or Renault, but the French tax is due again. I have also recommended $LUS1 $SBO and $COV here before

••