The Text first appeared in “Börse am Sonntag”.
In the past year, the 30 Dax companies have paid a total of 38.2 billion Euro in dividends. This year, it should have projected that about 45 billion. It would have been the continuation of a stunning rise. In the year 2000, the distributions were still at 15.8 billion euros.
dividends are postponed or
be deleted Alone, it will be nothing. It is already evident that in the course of the Corona-crisis, some corporations won’t fail to come, dividend reductions, or to withdraw your payouts very. That was a result of the financial crisis in 2008 and 2009. The sum of the distributions of 2007 was 28.1 billion Euro, decreased in the following years, first to 23, then to 20 billion euros.
Since because of the output limitations of many Dax-listed companies move their main meetings – in April alone, ten were scheduled in may and a further 15 – there are little Concrete. Thus, the uncertainty of the investors is on the rise. Many of the shares are after the Corona Crash the exceptionally high dividend yields, the lure to get you started. Only the calculation of which is quasi to waste, if the underlying dividend amount is as sure as the course of the Corona pandemic. DAX 9.935,84 PTS. +119,87 (+1,22%) Xetra
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The Dax is dependent on attractive dividend payers
Even Germany is profiting from the kings leading index of its investors popular Dividend. The large growth in stars that are absent from the Index, not least because Germany is a lack of large Tech corporations. If the distributions are now, the absence of partial or reduced, this could put the tumbling stock market barometer under further pressure. Finally, the question of the attractiveness of stocks, such as those from Siemens, BASF, Daimler and insurers Allianz and Munich re provides fast, missing at once the dividends.
And the danger that it could come soon in a whole range of Dax-listed corporations to make cuts, is becoming more real. Decisions, such as Lufthansa , at the forthcoming annual General meeting a suspension of the dividend propose, could trigger a chain reaction. So it has now been announced by the engine manufacturer, MTU Aero Engines, possibly no payout more. Instead of 3,40 shareholders would receive for their papers so suddenly to zero Euro. Lufthansa shareholders could expect a dividend yield of 8.3 percent, have to settle for now with a return of zero percent. MTU Aero Engines 133,35 EUR -1,50 (-1,11%) Xetra price data
the consequences of dividend cuts among automakers and chemical companies?
Such harsh cuts are to be expected in the case of the least of all Dax-values. Finally, the current crisis hitting the air transport industry particularly hard. From now on the Coronavirus, the industry is deprived of any basis for business until Further notice. However, Andreas Huerkamp, equity expert for Commerzbank, warns: “Our company’s analysts also hold for Continental , Covestro and HeidelbergCement, a reduction of the already announced dividend possible.” The BASF share for 2020 expected dividend yield stands at just 8.09 per cent (2019, it was 4.89 percent), may suggest that many investors already expect a reduction in the distributions. Otherwise, the low price difficult to justify. Also in the case of the car manufacturers – BMW, Daimler and Volkswagen with care. The production cannot be operated as planned in the second quarter, noticeably high, it can cause also dividend cuts. The longer the uncertainty continued around the Coronavirus and the far-reaching standstill of the economy, the more likely delayed reductions to the dividend announcements would also be here “,” notes Commerzbank in a study. BASF 43,15 EUR +0,69 (+1,63%) Xetra
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the insurer and the provider, this might
Less contrast, companies in the pharmaceutical industry, utilities and telecommunications are likely to be at risk provider. In the Dax this would be the case according to the shares of Fresenius , Bayer , E. on , RWE and Deutsche Telekom . Bayer, for example, has to pay out the announced an unchanged dividend of 2.80 euros. The German pharmaceutical giant holds its annual General meeting on 28. April online from.
Similarly, the two major insurers in the Dax, Allianz and Munich re, are likely to leave their dividends unchanged. Although the losses in the capital market, press on the balance sheet, particularly in the case of the Alliance. However, the people of Munich have a solvency ratio of 212 percent. The booth 2019 across the entire industry for one of the best values. According to resilient, the group seems to be. The stock unit in the case of a dividend reduction under the wheels, will want to risk the Board of management chief Oliver Bäte hardly. Munich Re 184,10 EUR +2,70 (+1,49%) Xetra
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One thing is fixed: A high dividend yield, is in these times, first of all, not much. And as long as the majority of the main assemblies first to the rear, will change so fast also nothing. Tips of the stock market millionaire: So newbies invest now in Corona-Crash FOCUS Online tips the stock market millionaire: So newbies invest now the best in the Corona of a Crash, Where is Coronavirus? Real-time map showing the spread of the disease, FOCUS Online/Wochit Where is Coronavirus? Real-time map showing the spread of the disease
*The contribution of “Long faces instead of return: In the Dax a multi-billion-threatens-disappointment” will be published by stock exchange on Sunday. Contact with the executives here.
