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Dekabank expects record dividends for DAX shareholders
According to calculations by Dekabank, the 40 DAX companies will distribute a total of 54.6 billion euros for the 2023 financial year. photo
© Arne Dedert/dpa
Anyone who is invested in the DAX or MDAX can hope for a windfall: the 90 companies are expected to pay out almost 62 billion euros. But dividends are not rising everywhere.
The companies have managed to keep their profits at a high level despite the sluggish economy and stressful geopolitical trouble spots, Deka capital market expert Joachim Schallmayer summarized the current figures in a statement from the savings bank securities company.
Further increase in distributions expected
According to the current status, 26 of the 40 companies in the first German stock exchange league are likely to increase their payout per share for the past financial year compared to the previous year. An unchanged dividend is expected for 11 DAX companies; according to the Dekabank compilation, there will probably be less money for shareholders than a year ago at Bayer, BMW and Fresenius. In total, the three major car manufacturers BMW, Mercedes and VW alone pay out around a quarter of the total dividend sum of all DAX companies.
For the current financial year, Dekabank expects a further increase in dividends in the DAX to 58.5 billion euros. “Thanks to their international orientation, companies will be able to decouple themselves from the challenging domestic prospects in 2024 and benefit from the global growth outlook and increase profits again,” predicted Schallmayer.
The MDax also pays more dividends overall
According to the calculations, the 50 companies listed in the MDax will pay a total of around 7.1 billion euros in dividends for 2023, a good seven percent more than for the previous financial year. An increase in distributions is expected for 22 companies, the dividend per share should remain unchanged for 20, and the remaining 8 MDax companies are likely to make cuts.