Overview
- DAX companies are projected to distribute €52.9 billion in 2026, just €0.4 billion below the prior year, according to DekaBank’s latest dividend study.
- Banks and insurers become the top contributors with about €14.2 billion in payouts, led by Allianz at roughly €6.5 billion.
- Major automakers are expected to cut dividends by a further €3.3 billion, with DekaBank cautioning that a quick rebound in the sector is unlikely.
- MDAX dividends are forecast to fall about 15% to €7.6 billion, driven largely by a major reduction at Porsche and index-composition effects.
- German corporates supplemented shareholder returns with roughly €20 billion of buybacks in 2025, shifting the balance between dividends and repurchases.