$VZ (-1,71%)
$DPZ (-0,32%)
$CDNS (+4,98%)
$BARC (+0,51%)
$SPOT (+0,57%)
$BP. (-1,62%)
$SPGI (-1,07%)
$KO (+0,07%)
$UPS (-0,84%)
$AIR (-0,09%)
$SBUX (-0,94%)
$ENPH (-1,29%)
$NXPI (+0,67%)
$STX (-1,18%)
$BE (-2,05%)
$V (-0,08%)
$MDLZ (-0,14%)
$HOOD (+0,68%)
$MBG (+0%)
$UBSG (+0,76%)
$DBK (+0,9%)
$LMND (-0,71%)
$SOFI (+0,13%)
$TER (+4,36%)
$ADS (-0,76%)
$ABBV (-1,37%)
$G24 (-1,73%)
$WM (-1,71%)
$APH (-0,47%)
$CMG (+0,6%)
$GOOG (+1,06%)
$META (+2,51%)
$MSFT (+1,38%)
$AMZN (+3,03%)
$005930
$BAS (+0,46%)
$SU (+2,59%)
$INGA (+0,35%)
$ULVR (+1,3%)
$IDR (-6,9%)
$DHL (+0,64%)
$CAT (-0,98%)
$MA (+0,07%)
$PUM (+0,16%)
$MRK (-2,33%)
$CNHI (-2,07%)
$LLY (-4,03%)
$FSLR (-2,09%)
$WDC (-0,1%)
$RBLX (+0,63%)
$RDDT (+0%)
$SNDK
$AAPL (-0,73%)
$TWLO (+0,54%)
$EL (+1,11%)
$CL (+0,29%)
$XOM (-1,41%)
$CVX (-1,69%)

15 increases

13 unchanged

7 reductions

Insurance companies

Banks

Utilities

Car stocks

Type here if you like collecting dividends: https://shorturl.at/83W8R

$MBG (+0%)
$ALV (+0,14%)
$VOW3 (-1,5%)
$MUV2 (-0,34%)
$BMW (-0,77%)
$AIR (-0,09%)
$CBK (+0,01%)
$523232
$DTG (+1,65%)
$DHL (+0,64%)
$FME (-0,15%)
$FRE (-0,3%)
$HNR1 (-0,15%)
$MTX (-2,29%)
$RHM (-4,68%)
$SAP (+1,3%)
$ENR (+0,73%)
$BAS (+0,46%)
$BAYN (-3,42%)
$BEI (-1,52%)
$DBK (+0,9%)
$DTE (+0,51%)
$EOAN (-3,62%)
$GEA
$IFX (+2,45%)
$RWE (-0,28%)
$SY1 (+0,3%)
$ZAL (+1,72%)
$ADS (-0,76%)
$BNR (+0,69%)
$HEN (-0,28%)
$MRK (-2,33%)
$SIE (+0,85%)
$SHL (-1,12%)

Which dividend stocks are of interest to you at the moment? $BMW (-0,77%)
$V (-0,08%)
$PEP (-0,35%)
$MDLZ (-0,14%)
$VNA (+0,15%)
$MBG (+0%)
$DHL (+0,64%)

Today I treated myself to a little shopping trip.

My main aim was to strengthen my core. To do this, I first added $ALV (+0,14%) into the depot.

I continued with increases in $DHL (+0,64%) and $TDIV (-0,08%) .

I also built up and expanded satellite positions.

At first I was $CRM (+1,83%) was a bit of a laugh. When I see how far we are at the beginning of implementing $CRM (+1,83%) in our company (Fortune 500), I am not worried about the business model. I'm happy to take advantage of what I see as an exaggerated sell-off after some AI headlines.

The expansion of the position at $INTU (+2,99%) . The nice thing is that both pay dividends.

Last but not least, there was some risk and Fomo. I have been looking at the wikifolio of our dear @Epi for a long time, and today I managed to get into $DE000LS9U6W1.

At $PNG (-1,66%) I have to admit that I had FOMO here. I've been following the news for a while and certainly got in far too late. But the position is correspondingly small and still fits in with the defense weighting in my portfolio.

All in all, I feel very comfortable with my decisions. Core significantly strengthened, dividends increased, some satellites added in the growth area and small zooms.

What do you think of my new additions and position increases?

Edit: my annual dividend has increased by a nice 10% to just under € 2350 gross.

DAX companies want to buy back their own shares on the stock market for a record 54.6 billion euros and have launched corresponding buyback programs. This year alone, shares worth 26 billion euros are likely to be taken off the market.

This is according to calculations by the Handelsblatt Research Institute. This is based on announcements made by the DAX companies and their recently presented balance sheets for the past financial year.

23 of the 40 DAX companies are currently acquiring their own shares or intend to do so in the coming months. 16 intend to spend one billion euros or more, with Deutsche Post $DHL (+0,64%)Siemens $SIE (+0,85%) and Siemens Energy $ENR (+0,73%) with six billion euros each and SAP $SAP (+1,3%) with ten billion euros.

"The high share buyback programs, together with the continued high dividends, are an important basis for the Dax remaining a promising investment despite difficult geopolitical conditions," predicts Commerzbank analyst Andreas Hürkamp.

No wonder buybacks are popular with investors: The programs tighten the supply of shares. This means that future profits and dividends are spread over fewer shares. Both effects usually drive up the share price.

However, share buybacks are controversial. They reduce companies' liquidity, which could soon be needed in view of the market turmoil caused by the war in the Middle East and the resulting threat of earnings losses.

Apple is the world's largest buyback buyer $AAPL (-0,73%). The iPhone specialist spent 96.7 billion dollars on the purchase of its own shares in the last four quarters, compared to 755 billion dollars in the last ten years. Since 2013, when Apple acquired its own shares on a large scale for the first time, its share portfolio has fallen by 44 percent, according to calculations by Handelsblatt.

A study conducted by US investment bank Goldman Sachs last fall shows that shares in companies that regularly buy up a large number of their own shares perform better. According to the study, shares in S&P 500 companies that have reduced their number of shares by four percent per year have outperformed the overall market by an average of three percentage points per year since 2012.

Goldman Sachs refers to such intensive buybacks as "buyback aristocrats" - in reference to the so-called "dividend aristocrats". These are companies that have increased their dividends for at least 25 years. In addition to Apple, the buyback aristocrats include the food group Mondelez $MDLZ (-0,14%)the healthcare specialist McKesson, the insurer Loews and the financial companies Morgan Stanley, Wells Fargo, Visa $V (-0,08%)Mastercard $MA (+0,07%) and American Express $AXP (-1,61%).

However, the financial structure of such companies is not improving. It is true that earnings per share increase following the withdrawal of repurchased shares. "At the same time, however, the risk structure of the company changes," analyzes balance sheet expert Philipp Immenkötter from asset manager Flossbach von Storch in a detailed analysis of share buybacks.

He argues that the acquisition of shares reduces the company's liquidity and increases its debt as equity decreases. "Both effects increase the risk and thus depress the valuation," explains Immmenkötter. "Ultimately, the effects balance each other out so that this cannot result in a price increase."

However, a share buyback will result in a sustained price increase if the buyback leads to a better assessment of the share by the market. This can happen, for example, when companies buy back their own shares if they are undervalued - or when companies buy back their own shares because they generate high profits and want to return these to shareholders not only through dividends but also through share buybacks.

Source text (excerpt) & graphics: Handelsblatt, 25.03.2026

$KSPI (+0,27%)
$NCLH (+0,18%)
$STNE (-16,24%)
$BEI (-1,52%)
$SE (+2,24%)
$ONON (+0,23%)
$TGT (-1,43%)
$GTLB (+3,56%)
$CRWD (+0,2%)
$BAYN (-3,42%)
$WIX (+4,86%)
$ADS (-0,76%)
$AVGO (+0,03%)
$DHL (+0,64%)
$R3NK (-4,54%)
$JD (+0,58%)
$BILI (+0,13%)
$1913 (-1,33%)
$MRK (+0,38%)
$MRVL (-1,65%)
$GPS (-2,55%)
$COST (-0,61%)
$IOT
$LHA (-0,66%)

$DHL (+0,64%) has today experienced a considerable decline of just under -5%.

I have not found any reasons for this with a quick online search. Has anyone heard/read anything?

Finally some positive news with expansion and new locations:

https://www.boerse-express.com/news/articles/dhl-aktie-herausragende-prognosen-866170

One of the top 15 stocks in my portfolio in terms of weighting and perhaps a reason to increase the weighting here?

Quarterly figures are due on March 5. I think I'll be watching until then, but I still find the price of €48 interesting.

With the capital released from our

partial sale of $DHL (+0,64%) we bought shares in Microsoft.

Microsoft is currently valued at a relatively low P/E multiple. The stock market is critical of the high expenditure on data centers. This has led to a sharp sell-off in the recent past, despite double-digit profit growth.

In our view, Microsoft has become a reliable dividend payer with high dividend growth. In our view, the relatively cheap US dollar also made it a good time to buy.

Microsoft is thus the first of the Big6 IT companies in our value portfolio.

We will publish a detailed stock analysis on our YouTube channel shortly.

What do you think of the acquisition?

Having already had good experience with a partial sale of DHL, we have halved our position again.

The reason for this is the high weighting of around 10% in the portfolio and the realization of price gains. We re-entered DHL after an earlier partial sale at prices of around EUR 35 and have now realized our price gains of just under 50%.

What do you think of this investment decision?