Schaeffler

Schaeffler, based in Herzogenaurach and majority family-controlled, is a major supplier of bearings and precision components for cars, industrial machinery and, increasingly, electric-vehicle drivetrains. The shift away from combustion engines is forcing a costly transformation of its car-parts business, even as its industrial and e-mobility divisions offer growth. Schaeffler has paid a dividend for years, but the payout is modest and tied closely to the profits of a business under structural pressure from the industry's shift to electric vehicles. A moderate, variable yield defines its profile, with the dividend dependent on the pace and success of that transformation.