Dividend

When a company makes a profit, it can distribute that profit to its shareholders – this is the dividend. It is usually paid once a year per share.

Example: in 2026 the Allianz share pays a dividend of approx. €13.80 per share. If you own 10 shares, you get €138 – simply for holding the shares.

Dividend yield: the dividend relative to the share price. With a price of €280 and a dividend of €13.80: 13.80 ÷ 280 × 100 = 4.9% dividend yield.

Important: not all companies pay dividends. Growth companies like Amazon prefer to reinvest their profits in the business. ETFs come in accumulating (dividends are reinvested automatically) and distributing versions.