Scout24

Scout24 runs ImmoScout24, Germany's leading online property marketplace, where estate agents, landlords and private sellers advertise homes to millions of monthly visitors. Its position as the default platform in a large market gives it pricing power and high margins, and a growing suite of subscription and data services deepens the ties with professional customers. This is a digital business that turns dominance into strong, growing cash flow, which funds a steadily rising dividend and regular share buybacks. The yield is on the lower side because the company is still growing, so the attraction is dependable dividend growth from a high-quality online platform rather than a large immediate payout.