Buy OMV Stock 2026
OMV is Austria’s energy and chemicals champion with a generous dividend. For Austria-based investors it is the simplest tax case imaginable — for Germany-based investors Austrian withholding tax comes into play. Here is how to buy it correctly.
What makes the OMV stock special
OMV AG (ticker OMV) is Austria’s largest industrial company — integrated across oil & gas, refineries, petrol stations and the chemicals business (Borealis/Borouge). Majority-owned (indirectly) by the state through ÖBAG. For investors the main appeal is the high distribution and the home-turf advantage for Austrian residents:
- High dividend yield ~5.05%, frequently supplemented by special dividends in strong years
- Quoted in euros on the Wiener Börse — no currency risk for € investors
- Tax-simple for Austrian investors: KESt (capital gains tax) is remitted automatically
- Cyclical: earnings and dividend move with oil and gas prices
Buy OMV stock in 4 steps
OMV is tradeable at every broker with access to Vienna, and often also free of charge on German venues. Austrian investors should look for a tax-simple (steuereinfach) broker. See broker comparison.
Verify your account and fund it. Austrian investors should ideally choose a tax-simple broker that automatically remits the KESt (e.g. Flatex, Scalable, Trade Republic).
Search for OMV or WKN 874341. Buy on the Wiener Börse (highest liquidity) or on Xetra/Tradegate, both in euros. A limit order protects against wide spreads outside Vienna trading hours.
OMV is available as a savings plan at many brokers. Because of the cyclical business (oil price), a savings plan smooths the average entry price over time.
The OMV dividend
OMV pays once a year (typically in spring) and follows a progressive dividend policy — supplemented in profitable years by a special dividend. At around 5% it is one of the highest-yielding stocks in the DACH region. Because everything runs in euros, there is no currency risk.
OMV dividend at a glance
| Feature | Value |
|---|---|
| Payment | 1× annually (spring), in EUR |
| Gross yield | ~5.05% |
| Extra | special dividend in strong years |
| Driver | oil/gas price (cyclical) |
🧾 Taxes when buying OMV (Austria & Germany)
For Austria-based investors OMV is the easy case: at a tax-simple broker the KESt (27.5%) is automatically remitted — no declaration needed. For Germany-based investors it is the mirror image of the Allianz situation: Austria withholds tax that you must partly credit and partly reclaim.
OMV tax — Austria-resident vs. Germany-resident
| Point | 🇦🇹 Austria (residence) | 🇩🇪 Germany (residence) |
|---|---|---|
| Austrian withholding tax | 27.5% KESt, auto remitted | 27.5% withheld |
| Creditable (DBA) | n/a (domestic) | 15% against Abgeltungsteuer |
| Reclaimable | — | 12.5% via Austrian tax office |
| Effort | none (tax-simple) | credit + reclaim |
Austria withholds 27.5% on the OMV dividend, but under the DBA (double taxation treaty) only 15% is permitted. Your German tax office credits 15% against the Abgeltungsteuer; you reclaim the excess 12.5% through the Austrian tax office. Some brokers already reduce the rate to 15% at source. The mirror image applies to Austrian investors holding German stocks such as Allianz.
⚠️ Special features & risks
- Cyclicality & oil price: Earnings and dividend fluctuate with oil/gas prices and refinery margins
- Energy transition risk: Long-term structural shift away from fossil fuels (OMV is expanding its chemicals and sustainability businesses)
- State proximity (ÖBAG): political influence is possible
- For Germany-based investors: factor in the effort to reclaim Austrian withholding tax
FAQ — Buy OMV stock 2026
Do I need to do anything with the tax office as an Austrian investor?
At a tax-simple (steuereinfach) broker no — the KESt (27.5%) is automatically remitted. Only if you want to offset losses across multiple banks or elect the standard assessment option do you need to take action.
How high is the OMV dividend?
Currently around 5.05% gross yield, paid once a year in euros — supplemented by a special dividend in profitable years. This makes OMV one of the highest-yielding stocks in the DACH region.
What do Germany-based investors need to watch out for with OMV?
Austria withholds 27.5% withholding tax; 15% of that is creditable against the German Abgeltungsteuer, and you reclaim the remaining 12.5% through the Austrian tax office. It is the mirror image of the Allianz situation for Austrian investors.
Where is the best place to buy OMV?
On the Wiener Börse liquidity is highest; on Xetra/Tradegate it is often cheaper for Germany-based investors — both in euros. The trading venue makes no difference for tax purposes.
Is OMV available as a savings plan?
Yes, at many brokers. Because of the cyclical business, a monthly savings plan smooths the entry price and reduces timing risk.
Further reading