secunet Security Networks AG

secunet, based in Essen and majority-owned by the printing group Giesecke+Devrient, is a leading German IT-security company, supplying encryption, secure networks and identity solutions largely to public authorities and critical infrastructure. Close ties to government give it a defensible, trust-based niche. secunet has paid and grown its dividend over the years, funded by steady cash flow, though the yield is modest and orders can be lumpy given its reliance on public budgets. The appeal is a dependable, growing payout from a specialist riding rising demand for cyber security.