This morning I said goodbye to $BP. (+2,31 %) after 3 years and a loss of over 5%, I was able to close the position at +-0 thanks to dividends. At the same time I increased the share $TDIV (-0,25 %) and as a dividend replacement $WINC (-0,05 %) to the portfolio.

Novo Nordisk 3.0% $NOVO B (+0,3 %) NVO

LVMH 2.0% $LVMH

Pernod Ricard 6.35% $RI (+1,14 %)

Imperial Brands 5.5% $IMB (-0,81 %)

BAT 6.2% $BATS (+1,68 %)

Sunrise Communications 8.00%

Nestle 4.05% $NESN (+0,11 %)

Roche 2.85% $ROG (-0,33 %)

Novartis 3.07% $NOVN (+0,28 %)

Shell 4.07% $SHEL (+2,61 %)

German Post 3.86% $DHL (-0,97 %)

Swisscom 3.75% $SCMN (-1,42 %)

German Telekom 3.52% $DTE (-2,16 %)

Strabag 2.72% $STR (+0,24 %)

Vonovia 4.82% $VNA (-0,04 %)

BASF 5.01% $BAS (-0,2 %)

Puma 2.8% $PUMA

Hannover Re 3.62% $HNR1 (-1,66 %)

Munich Re 3.8% $MUV2 (-1,24 %)

Allianz 4.00% $ALV (-0,13 %)

BP 5.76% $BP. (+2,31 %)

Spotify

https://open.spotify.com/episode/1zt05UZlehInr81iaZMdY5?si=e676f0a812014943

YouTube

https://youtu.be/BpCIIJYfxHA

Appple Podcast

https://podcasts.apple.com/de/podcast/125-20-europ%C3%A4ische-dividenden-aktien/id1695869891?i=1000744769342

The sensible use of saved capital in retirement requires good planning. Especially if you want money to flow out of it regularly to secure or sweeten the third stage of your life.

Financial brokers then like to offer pension insurance based on a single payment, often called an immediate annuity.

With a normal life expectancy, the return is usually not generous because insurers usually invest very conservatively. In addition, the costs and profit margins of the insurance company further reduce the return. Consumer advocates point out that you usually have to live to be 94 years or older before you receive the investment sum back via guaranteed pensions.

It is often more profitable to park the money in a call money account.

Investments with regular distributions are an alternative. Investors are spoiled for choice between several thousand dividend-paying equity funds.

What are the relevant selection criteria? Quality and cost structure.

For some, the level of distributions may also be an important criterion in the selection process. But caution is advised here: For example, the payout ratio of the Global X Super Dividend ETF $SDIP (-0,01 %) is currently over nine percent. With an investment sum of 100,000 euros, this results in a monthly inflow of around 750 euros before tax.

This is possible because the ETF invests stubbornly in the 100 companies with the highest dividends worldwide, but without any consideration of the sustainability of these distributions and the quality of the companies.

This in turn means that, without the dividends, the ETF generated a return of zero over one year and even minus 14% over three years. Investors therefore received high regular payouts, but the investment capital decreased significantly at the same time.

Savers should therefore always pay attention to how the ETF invests. There are various positive counter-examples, such as the Invesco Euro Stoxx High Dividend Low Volatility ETF $EUHD (-0,54 %). Although this also focuses on high-dividend companies, it also selects according to qualitative criteria. Result: Although the payout ratio is currently "only" 5.1% per year, this amounts to around EUR 425 per month before tax for an investment sum of EUR 100,000.

However, the ETF has also achieved growth of almost 36% over the past three years, and including distributions, the gain was even over 60%. There are similarly good ETFs for various other investment regions or sectors.

Bond ETFs, on the other hand, are rarely a real alternative for private investors. Although distribution rates of four or five percent can be achieved, this is ultimately only possible with high-risk bonds or US securities with a corresponding currency risk. In addition, a positive return can rarely be achieved over and above the distribution.

A (possibly riskier) alternative is to invest in individual shares with high dividends. However, quality is even more important here. "We value companies with a strong balance sheet that are characterized by a high equity ratio and above-average returns on capital and sales," says Franz Kaim from Kidron Vermögensverwaltung in Stuttgart.

Continuity is also important. "The so-called dividend aristocrats are the gold standard for income-oriented investors," says Rainer Laborenz, Managing Partner of Azemos Vermögensverwaltung in Offenburg. "Companies that have increased their dividends for at least 25 consecutive years are included in this select group."

There are currently around 150 dividend aristocrats worldwide, 117 of which are from the USA and 33 from the rest of the world. The best-known names include Coca-Cola $KO (+0,41 %)Procter & Gamble $PG (+0,39 %) and Johnson & Johnson $JNJ (+2,27 %) from the USA, Fresenius from Germany $FRE (+1,48 %) and Unilever $ULVR (-0,09 %) from Great Britain.

Other attractive dividend stocks recommended in a WELT survey of ten leading asset managers in Germany include Allianz $ALV (-0,13 %)BASF $BAS (-0,2 %)Beiersdorf $BEI (-0,08 %)Deutsche Post $DHL (-0,97 %) and Munich Re $MUV2 (-1,24 %).

In other European countries, they rely on BAT $BATS (+1,68 %), BP $BP. (+2,31 %), Nestlé $NESN (+0,11 %), NN Group $NN (-0,98 %)Shell $SHEL (+2,61 %) and Swiss Life $SLHN (-2,83 %).

In the USA, names such as Altria $MO (+1,91 %), Chevron $CVX (+2,12 %)Cisco $CSCO (+1,21 %), Coca-Cola, Kimberly-Clark $KMB (+1,07 %) , McDonald's $MCD (+0,1 %) or Pepsi $PEP (+1,08 %).

Source: Text (excerpt) & table: Welt, 05.12.25

Hello dear community,

I have been running a small savings plan on $BP. (+2,31 %) and have recently returned to the green zone with the share.

What is your assessment of BP in terms of the company's current and future (short-sighted) business model?

Should I get out of BP and switch to e.g. $SHEL (+2,61 %) or just let it run.

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$BP. (+2,31 %) has won its arbitration case against $VG (+6,47 %) after the US supplier failed to deliver liquefied natural gas (LNG) under a long-term contract that was due to start at the end of 2022. This was announced by Venture Global on Thursday.

According to Venture Global, the International Court of Arbitration of the International Chamber of Commerce found in an official notice that the company had breached its obligations to declare the start of commercial operation of the Calcasieu Pass facility on time and to act as a "reasonable and prudent operator".

The ruling in favor of BP contrasts with a decision in August in which Venture Global prevailed in a similar appeal by Shell. It was initially unclear why the two proceedings led to different outcomes. BP is seeking damages in excess of 1 billion US dollars plus interest, costs and legal fees.

The company is disappointed with the arbitral tribunal's decision in the BP case, which Venture Global believes contradicts the key findings in the previous arbitration with Shell," Venture Global said in the statement.

Venture Global's shares fell more than 10% in after-hours trading, reducing the company's market capitalization by nearly $3.3 billion.

HEARING ON THE AMOUNT OF DAMAGES NEXT YEAR

A separate hearing is planned for 2026 to determine the extent of the damages that the US operator must pay to BP. According to Venture Global, the sum could exceed the upper limit for claims from BP and other customers set out in the original sales agreement.

BP said it was satisfied with the outcome of this phase of the arbitration and looked forward to Venture Global determining the amount of compensation for breach of contract.

Venture Global said it is exploring all available options in response to the ruling and will continue to vigorously defend its position.

On Thursday, the company also reported that a settlement had been reached with another Calcasieu Pass customer that had also filed for arbitration, without naming the company.

This settlement has no material impact on Venture Global, the statement said.

Other companies, including Edison and Galp, have also filed claims against Venture Global. They accuse the company of profiting from spot sales of LNG following Russia's invasion of Ukraine in 2022 instead of delivering previously contracted LNG supplies from the Calcasieu Pass export facility in Louisiana at significantly lower prices.

Throughout the dispute, Venture Global argued that it was entitled to the spot sales after the official start of commercial operations was delayed due to a faulty power island.

The company commenced official commercial operations at Calcasieu Pass in April 2025 and has since realized significantly lower prices by selling LNG to BP and other customers under the terms of the contract.

Venture Global's average revenues fell by around 70% in the second quarter compared to the first quarter following the start of the long-term supply contracts and the halt to the controversial spot sales. In the same period, the relevant Dutch gas price index TTF, on which the prices for most LNG cargoes sold by Venture Global in Europe are based, fell by 24%.