Jungheinrich AG

Jungheinrich, based in Hamburg and family-controlled, is one of the world's leading makers of forklifts and warehouse equipment, increasingly focused on electric trucks, automation and intralogistics software. The long-term shift toward automated warehouses and e-commerce fulfilment gives it a structural tailwind. The company has paid and raised its dividend reliably for years, funded by dependable cash flow, though as a capital-goods maker its earnings follow the industrial cycle. A moderate, dependable yield from a quality engineering business underpins its profile.