Does Allianz SE (ALIZY) Pay a Dividend? (2026)
Last updated October 2026
Short answer
Yes. Allianz SE (ALIZY) pays a dividend yielding about 4.13% as of October 2026, paid once a year. The latest payment on record was $1.96 per share, ex-dividend May 11, 2026. The forward annual rate is roughly $2.00 per share, about $413 a year on a $10,000 position before tax. The payout takes about 56% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does Allianz SE (ALIZY) pay a dividend?
Yes. Allianz SE distributes a dividend yielding roughly 4.13% as of October 2026, paid once a year. The most recent payment on record was $1.96 per share, with an ex-dividend date of May 11, 2026. Annualized, that is about $2.00 per share.
At roughly EUR 420 per Frankfurt share, Allianz is valued at around EUR 160 billion and trades near 14 to 15 times 2025 core earnings and closer to 13 times what the first-half run rate implies, with a dividend yield around 4%. Those multiples sit at the upper end of where European composite insurers have traded historically, reflecting record profit, a ~20% core return on equity and strong capital, but they are below many US insurers and asset managers. Allianz does not report a conventional revenue line; total business volume (premiums plus asset-management fees) is the closest equivalent, so price-to-sales comparisons with non-insurers are not meaningful.
ALIZY dividend at a glance
| 2026-05-11 | $1.956 |
| 2025-05-12 | $1.707 |
| 2024-05-09 | $1.499 |
| 2023-05-05 | $1.253 |
| 2022-05-05 | $1.165 |
| 2021-05-06 | $1.149 |
ALIZY dividend data as of October 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with ALIZY's investor relations page before relying on it.
Is the ALIZY dividend covered?
Allianz SE paid out about 56% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the ALIZY dividend has changed
The latest payment of $1.96 per share compares with $1.71 in the equivalent payment a year earlier (May 12, 2025). That is a change of 14.6% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on ALIZY's investor relations page.
What ALIZY's dividend means for you
- Income: about $413 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for ALIZY the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How ALIZY dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the ALIZY dividend
Allianz SE (ALIZY) pays about 4.13%, or roughly $2.00 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the ALIZY guide. Walnut can show how ALIZY fits your real portfolio. It is not an investment adviser.
Investing in Allianz SE with AI
Connect the broker you already use and ask Walnut's AI how ALIZY fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does Allianz SE (ALIZY) pay a dividend?
+
Yes. Allianz SE pays a dividend yielding roughly 4.13% as of October 2026, paid once a year. The most recent payment on record was $1.96 per share with an ex-dividend date of May 11, 2026. That works out to a forward annual rate of about $2.00 per share. Yields move with the share price, so verify the current figure with your broker or ALIZY's investor relations page before relying on it.
What is ALIZY's dividend yield?
+
About 4.13% as of October 2026. On a $10,000 position that is roughly $413 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so ALIZY yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does ALIZY pay its dividend?
+
Allianz SE pays once a year. The most recent payment on record had an ex-dividend date of May 11, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on ALIZY's investor relations page, because boards can change both the amount and the timing.
When is ALIZY's ex-dividend date?
+
The ex-dividend date recorded in our October 2026 data pull is May 11, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check ALIZY's investor relations page for the next confirmed date.
Has Allianz SE raised its dividend recently?
+
Yes. The latest payment of $1.96 per share is above the $1.71 paid in the same slot a year earlier, an increase of about 14.6%. One raise is not a policy, though: check the multi-year record on ALIZY's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is ALIZY's dividend safe?
+
Allianz SE paid out about 56% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in ALIZY?
+
At a yield of about 4.13%, roughly $413 a year before tax, spread across 1 payment. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are ALIZY dividends qualified for tax purposes?
+
Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest ALIZY dividends?
+
Most brokers offer automatic reinvestment (a DRIP) that puts each ALIZY payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
How are ALIZY dividends paid and taxed?
+
Allianz pays one dividend a year, usually in May after the annual general meeting. For 2025 the board proposed EUR 17.10 per share, which works out to EUR 1.71 per ADR, or roughly USD 1.90 depending on the exchange rate on the payment date. Germany withholds tax on dividends at an effective rate of about 26.4% (capital gains tax plus solidarity surcharge). Under the US-Germany tax treaty, US residents are entitled to a 15% rate, and the difference can be reclaimed from German tax authorities, though the process is slow. The tax withheld can generally be claimed as a foreign tax credit on a US return. Holders in IRAs often cannot use that credit.
Walnut is informational, not investment advice. Dividend figures on this page come from a October 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with ALIZY's investor relations page or your broker before acting on them.