Markets are fluctuating, and many investors are uncertain about the future. It's precisely in such times that dividends become particularly attractive, as they provide a regular income stream, even when share prices are volatile.
Our selection of top dividend stocks for May 2026 includes three stocks with attractive dividend yields and payouts in May. We also show you a bonus stock that is not currently a buy recommendation.
Before we begin, an important point to note. A high dividend yield sounds tempting, but it can also be a warning sign. Sometimes the share price has fallen sharply, making the yield appear artificially high. Therefore, always pay attention to the stock's valuation as well.
Note: The stock valuations are based on the status as of April 21, 2026.
Table of contents
- Video featuring the top dividend stocks for May 2026
- OMV – Energy stock with a high dividend
- Allianz – Insurance with a stable dividend
- Hannover Re – A stable reinsurer
- Bonus stock: Deutsche Wohnen – a real estate stock with risk
- Other top dividend stocks for 2026
Video featuring the top dividend stocks for May 2026
In our video, we present a concise overview of the top dividend stocks for May 2026. You'll get a quick summary of dividend yield, annual general meeting dates, and the current valuation on TransparentShare.
OMV – Energy stock with a high dividend
OMV is an international oil and gas company. The company covers the entire value chain in the energy sector, from production to distribution.
The dividend yield is currently around 7.8 percent. The annual general meeting is scheduled for May 27, 2026.
TransparentShare currently rates the stock at 7 points. This makes OMV a clear buy recommendation. The stock is attractively valued and impresses with solid margins and rising profit estimates.
One risk remains the price of oil. This can fluctuate significantly and affect profits.
Allianz – Insurance with a stable dividend
Allianz is one of the world's largest insurance groups. The company earns its money through insurance and asset management.
The dividend yield is currently around 4.38 percent. The annual general meeting is scheduled for May 7, 2026.
The stock was recommended as a buy in March 2026. Currently, the rating is at 2 points. This means the stock is more of a hold.
The main reason is the share price. The stock is trading near its yearly high and is therefore no longer considered cheap. On the positive side, the stock offers a stable return on equity and good momentum.
Hannover Re – A stable reinsurer
Hannover Re is a reinsurer that covers major risks worldwide. Its business model is considered very robust.
The dividend yield is currently around 4.54 percent. The Annual General Meeting is scheduled for May 6, 2026.
The stock was already recommended as a buy in November 2025. Currently, the rating is at 4 points. Purely based on the valuation, this would be a buy recommendation.
Due to the currently high price, the stock is more of a hold. Should the price fall significantly below the yearly high, a new buying opportunity could arise.
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Bonus stock: Deutsche Wohnen – a real estate stock with risk
Deutsche Wohnen is a real estate company focusing on residential properties in Germany.
The dividend yield is currently around 4.93 percent and appears attractive at first glance.
TransparentShare, however, rates the stock at minus 2 points. The share price performance is weak, and earnings estimates have also recently been lowered.
This clearly shows that a high dividend alone is not a reason to buy. Always pay attention to the overall valuation.
Conclusion: Top Dividend Stocks May 2026
The top dividend stocks for May 2026 demonstrate the importance of making the right selection. OMV impresses with its high dividend and a clear buy recommendation. Allianz is currently more of a hold. Hannover Re is stable, but due to its high share price, it is also currently more of a hold.
The bonus stock Deutsche Wohnen shows that a high dividend yield alone is not enough. Always pay attention to the valuation and the profit development.
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Other top dividend stocks for 2026
If you are looking for more exciting dividend stocks, you will find further companies with attractive payouts in our detailed article.
