Stock Quotes in this Article: BAM, BWEN, DB, MTZ

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SAN FRANCISCO (Stockerblog) -- It appears that Germany is the strongest member of the European Union and is the country that seems to be the primary member keeping the EU alive. Germany contributes more money by far than any other country to the EU, approximately 21% of the total EU budget. From an income investing standpoint, according to our list at WallStreetNewsNetwork.com, there are about 10 dividend-paying German stocks that trade in the U.S., on the New York Stock Exchange and the Pink Sheets.

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    One German play is Deutsche Bank (DB) trades at 7 times forward earnings and pays a yield of 1.0% based on its last annual dividend. Earnings for the latest quarter ending March 31, 2011 were up 17% year over year.

    BASF (BASFY: Pink Sheets), the large chemical company, has a forward price-to-earnings ratio of 11 and generated an earnings increase of 141.8% for the latest quarter ending December 31. The stock yields 2.3% based on its last annual dividend.

    E.ON (EONGY: Pink Sheets) is the German based holding company of the world's largest investor-owned energy service provider in the world. The stock pays a generous 5.9%, and trades at 7.5 times earnings.

    Speaking of earnings, Germany announced its first commercial offshore wind farm, called the Baltic 1, which generates 50-megawatts of power from 21 Siemens turbines, enough to power approximately 50,000 households. The windfarm is operated by EnBW, which unfortunately for U.S. investors, can only be purchased on German stock exchanges.

    However, there are other wind energy companies available to Americans, such as Broadwind Energy (BWEN), a manufacturer of products for the wind energy industry, which has a forward PE ratio of 21.

    There is also Brookfield Asset Management (BAM), a Canada-based asset management holding company with a division that develops wind power throughout Canada. It trades at 24 times forward earnings and yields 1.5%.

    MasTec (MTZ), which builds wind farms, solar farms and underground and overhead distribution systems, has a forward P/E ratio of 14.5.

    Even the high-yield German utility E.ON has a wind energy division.

    For a free list of dividend-paying German stocks, which can be downloaded and sorted, go to WallStreetnewsnetwork.com.

    At the time of writing, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.