Buy Allianz Stock 2026
Allianz is one of the dividend heavyweights in the DAX — and for investors based in Germany it is the simplest tax case imaginable. Here is how to buy the stock, what the dividend delivers, and what changes if you live in Austria.
What makes the Allianz stock special
Allianz SE (ticker ALV) is one of the world’s largest insurers and asset managers (including PIMCO, Allianz Global Investors). For DACH-region investors it is interesting for two reasons — high distributions and uncomplicated taxation:
- High dividend yield ~4.56% — one of the heavyweights in the DAX
- Quoted in euros — no currency risk for € investors
- Additional share buybacks complement the dividend
- The simplest tax case for Germany-based investors: no foreign withholding tax
Buy Allianz stock in 4 steps
As a DAX stock, Allianz is tradeable at every broker, often free of charge on Xetra/Tradegate. Compare savings plan terms in the broker comparison.
Because Allianz pays a high dividend, it is worth setting up a Freistellungsauftrag (annual tax-free allowance: €1,000 / €2,000 for couples) directly with your broker — so the first dividends remain tax-free up to the Sparerpauschbetrag (saver’s allowance).
Search for ALV or WKN 840400. Buy on Xetra during main trading hours for tight spreads. A limit order gives you control over the entry price.
Allianz is widely available as a savings plan (from €1). The high dividend makes it well suited to a dividend-focused beginner strategy in euros.
The Allianz dividend
Allianz pays once a year (typically in May after the annual general meeting) and follows a reliable, progressive dividend policy — supplemented by ongoing share buybacks. At around 4.56% it is one of the highest-yielding stocks in the DAX. Because everything runs in euros, there is neither currency risk nor withholding tax effort for € investors.
Allianz dividend at a glance
| Feature | Value |
|---|---|
| Payment | 1× annually (May), in EUR |
| Gross yield | ~4.56% |
| Extra | ongoing share buybacks |
| Currency | EUR — no exchange-rate risk |
🧾 Taxes when buying Allianz (Germany & Austria)
For Germany-based investors Allianz is the textbook easy case: there is no foreign withholding tax; your German broker automatically remits the Abgeltungsteuer (26.375%). For Austria-based investors it becomes more complex, because Germany withholds tax on the dividend.
Allianz tax — Germany-resident vs. Austria-resident
| Point | 🇩🇪 Germany (residence) | 🇦🇹 Austria (residence) |
|---|---|---|
| German withholding tax | = Abgeltungsteuer, auto remitted | 26.375% withheld |
| Creditable (DBA) | n/a (domestic) | 15% against KESt |
| Reclaimable | — | 11.375% via BZSt |
| Effective total burden | ~26.375% | ~27.5% (after reclaim) |
Germany withholds 26.375% on the Allianz dividend, even though only 15% is permitted under the DBA (double taxation treaty). Austria credits 15% against the KESt; you reclaim the excess 11.375% through the German Bundeszentralamt für Steuern (BZSt, Federal Central Tax Office). Without reclaiming you pay effectively more than the 27.5% KESt on this German dividend. The mirror image applies to Germany-based investors holding Austrian stocks such as OMV.
⚠️ Special features & risks
- Cyclical & capital-market dependent: As an insurer and asset manager, Allianz is tied to interest rates, equity markets and claims trends
- Financial sector concentration risk: Investors who already hold banks/insurers increase their sector exposure
- Single-stock risk: One stock does not replace diversification — combine with ETFs
- For Austria-based investors: factor in the effort to reclaim German withholding tax
FAQ — Buy Allianz stock 2026
Do I need to do anything with the tax office for the Allianz dividend?
As a Germany-based investor, generally no — your broker remits the Abgeltungsteuer automatically. Just set the Freistellungsauftrag so that the Sparerpauschbetrag (€1,000) is used. As an Austria-based investor you will need to reclaim part of the German withholding tax (see above).
How high is the Allianz dividend?
Currently around 4.56% gross yield, paid once a year in May in euros. In addition, Allianz regularly buys back its own shares, which supports value per share.
Why is the tax treatment of Allianz so simple?
Because it is a German stock in euros: no foreign withholding tax, no currency conversion. The German broker handles the entire Abgeltungsteuer automatically — ideal for beginners.
Is Allianz available as a savings plan?
Yes, widely available from €1 per execution, free of charge at many brokers. A solid choice for a dividend-focused euro strategy.
Allianz stock or Allianz fund?
Beware of confusion: this guide covers the Allianz SE stock (WKN 840400), not funds managed by the subsidiary Allianz Global Investors. You buy the stock like any other through your custody account.
Further reading