Annual outlook: These are the 20 trends for 2022

Trend 18: The DAX dividend total increases by 37 percent to 46.4 billion euros, so that the dividend yield is attractive at 2.7 percent. The profits of the DAX companies for the financial year 2021 have developed much better than we expected with a currently anticipated profit growth of 60 percent. Therefore, a warm shower of dividends awaits the DAX shareholders in 2022, because the DAX dividend total is likely to increase by an impressive 37 percent from 34.0 to 46.4 billion euros. If the ten new DAX members are excluded, the dividend growth of the “old” DAX is still 29 percent (see chart 4). The DAX currently has a market capitalization of EUR 1,750 billion, which means that EUR 46.4 billion in dividends corresponds to a dividend yield of 2.7 percent. This means that DAX dividend shares remain an attractive investment compared to the return of 0.6 percent for BBB corporate bonds and -0.4 percent for the 10-year Bund (see chart 5).