GEA Group AG

GEA Group, based in Dusseldorf, builds the machinery and process technology that food, beverage, dairy and pharmaceutical companies use to produce and package their goods. Much of its equipment is essential to everyday production lines, and a large share of revenue comes from spare parts and servicing, which smooths the order flow between big capital projects. A disciplined turnaround has lifted margins and cash generation, allowing GEA to raise its dividend steadily and back it with buybacks. It is not a high-yield stock, but the mix of dependable service income and a rising, well-covered payout gives it a solid dividend profile for patient investors.