Labour Day 2026

As of May 1, we are in the midst of the famous fifth season: dividend season. Even though some major German companies, such as BASF and Volkswagen, continue to struggle, overall we can once again look forward to an attractive period in terms of the dividends to be paid out by public companies. Our small portfolio is becoming increasingly international, and with it the proportion of companies and funds that pay out their dividends on a quarterly or even monthly basis. As a result, the significance of German and European seasonal patterns is steadily declining for us.

And a brief look back. Last spring, following the inauguration of the POTUS, we had anticipated a wave of capital flight by American investors toward good old Europe. This has come to pass in full. Now we expect European markets to tend toward stabilization. And we did not foresee the developments in Japan. No sooner has a woman taken the reins for the first time than things are looking up. The Nikkei has risen by about 50% and recently hit a new all-time high of 60,000 points.

And what’s next: We continue to maintain strict cost control and are pursuing the broadest possible internationalization of our investments. And on July 1, we will resume our consulting services. We look forward to working on your projects.

Photo: Frank McKenna, Unsplash