Jenoptik

Jenoptik, based in Jena, is a photonics group specialising in optics, laser technology and sensor systems, increasingly focused on the high-margin equipment used to make and inspect semiconductors. That focus ties it to the long-term growth of the chip industry alongside its established measurement and defence-related work. Jenoptik has paid and lifted its dividend over the years, funded by growing profits, though the yield is modest as it reinvests in its semiconductor push. The appeal is reliable dividend growth from a photonics specialist with exposure to structural chip demand.