Daimler Truck AG

Daimler Truck, spun out of Mercedes-Benz in late 2021, is the world's largest commercial-vehicle maker, building heavy trucks and buses under brands including Mercedes-Benz, Freightliner and Setra. As an independent company it can invest directly in electric and hydrogen drivetrains for a fleet market that runs on hard cost calculations rather than brand emotion. The dividend is young but generous, set as a share of net profit, which means it can rise quickly in strong years and give back ground in downturns. Trucks are a classic late-cycle industry, so investors should expect the payout to swing with freight demand and the wider economy.