Top Foreign Dividend Stocks Traded in New York
Following our earlier analysis of Top Canadian Dividend Stocks,Top Banks of the World and Top 10 European Utilities in this post lets review the top dividend paying foreign stocks(ADRs) trading in the New York Stock Exchange (NYSE).
The total market cap. of all stocks listed in the NYSE is about $27.1 Trillion as of Dec 31,2007. Out of this, 421 foreign company stocks account for $11.4 Trillion in market cap [Source: NYSE]. That's about 42% of all the stocks listed in the NYSE.
Foreign stocks have usually paid higher dividend than their US peers. To figure out which foreign stocks are the top dividend yielders now, I ran my stock screen with the following criteria:
1.Stocks must trade on the NYSE
2.Market cap. >= $25B
3.Must have dividend yields of at least 5%
This search resulted in 28 stocks. Only 7 US stocks are in this list. 20 are from Europe and only 1 (Westpac Banking Corporation (WBK)) is from outside of Europe in Australia. Emerging market stocks from India,China, Brazil, etc. are not in this list.
Top Foreign Dividend Stocks in the NYSE:
| S.No. | Company | Ticker | Dividend Yield | Country | Sector |
|---|---|---|---|---|---|
| 1 | BP Plc | (BP) | 5.83% | UK | Oil |
| 2 | Vodaphone Group plc | (VOD) | 7.66% | UK | Telecom |
| 3 | Eni Spa | (E) | 6.75% | Italy | Oil |
| 4 | Unilever NV | (UN) | 5.53% | UK | Consumer Goods |
| 5 | France Telecom SA | (FTE) | 6.79% | France | Telecom |
| 6 | Allianz SE | (AZ) | 5.14% | Germany | Insurance |
| 7 | Deutsche Telecom AG | (DT) | 7.26% | Germany | Telecom |
| 8 | Royal Bank of Scotland Group plc | (RBS) | 21.15% | UK | Banking |
| 9 | AXA | (AXA) | 5.81% | France | Insurance |
| 10 | ING Groep N.V. | (ING) | 6.90% | The Netherlands | Insurance |
| 11 | Banco Bilbao Vizcaya Argentaria SA | (BBV) | 6.22% | Spain | Banking |
| 12 | UBS AG | (UBS) | 7.82% | Switzerland | Banking |
| 13 | Daimler AG | (DAI) | 5.30% | Germany | Auto Maker |
| 14 | Barclays PLC | (BCS) | 6.86% | UK | Banking |
| 15 | Credit Suisse Group AG | (CS) | 5.13% | Switzerland | Banking |
| 16 | Deutsche Bank AG | (DB) | 8.12% | Germany | Banking |
| 17 | Westpac Banking Corporation | (WBK) | 6.58% | Australia | Banking |
| 18 | Repsol YPF, S.A. | (REP) | 5.07% | Spain | Oil |
| 19 | Lloyds TSB Group plc | (LYG) | 7.91% | UK | Banking |
| 20 | National Grid plc | (NGG) | 6.10% | UK | Utility |
| 21 | Telecom Italia S.p.A. | (TI) | 7.87% | Italy | Telecom |
Top US Dividend Stocks in the NYSE:
| S.No. | Company | Ticker | Dividend Yield | Country | Sector |
|---|---|---|---|---|---|
| 1 | Bank of America Corp. | (BAC) | 8.15% | USA | Banking |
| 2 | Pfizer Inc | (PFE) | 6.64% | USA | Pharmaceutical |
| 3 | Citigroup Inc | (C) | 6.71% | USA | Banking |
| 4 | U.S. Bancorp | (USB) | 5.29% | USA | Banking |
| 5 | Altria Group, Inc. | (MO) | 5.51% | USA | Consumer Goods |
| 6 | Merrill Lynch & Co., Inc. | (MER) | 5.09% | USA | Investment Banking |
| 7 | Bristol Myers Squibb Co. | (BMY) | 5.73% | USA | Pharmaceutical |
Analysis:
1. Half of the stocks in the list (14) are in the financial sector - Banking, IB and Insurance.
2.RBS with its 21.15% dividend yield is an anomaly since the stock has fallen a lot.
3.Generally many of these banking stocks have high yields due to their low stock price.
4.While oil major like Total Fina (TOT), Exxon Mobil (XOM) have been making record profits in recent times, they are not in this list because they reivest majority of the net income for research and other growth initiatives.
5.None of the Canadian companies made it to the list.
6.Interesting to note that there are four telecom stocks.
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This article has 13 comments:
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ignorant
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16 Comments
Aug 31 10:14 AM-
User 138602
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129 Comments
Aug 31 12:05 PMTipster
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CARMEL
-
11 Comments
Aug 31 01:33 PMWHY DIDNT YOU INCLUDE PREFERRED SHARES ? RBS HAS SEVERAL YIELDING 7-8 %
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CARMEL
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11 Comments
Aug 31 01:34 PMALWAYS ENJOY YOUR ARTICLES.
WHY DID YOU NOT INCLUDE PREFFERED STOCKS IN YOUR DIVIDEND STUDY ? RBS HAS SEVERAL YIELDING 7-8 %
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Menachem Ben Yakov
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26 Comments
Aug 31 04:46 PMMany folks err in computing the dividends on U.K. banks because they pay variable dividends. The computer generated stock screens take only a multiple of the last dividend paid and don't compute the yields properly.
There is no substitute for pencil and paper and the writer should double check his facts before publishing incorrect information.
-
Menachem Ben Yakov
-
26 Comments
Aug 31 07:40 PMOn Aug 31 04:46 PM Menachem Ben Yakov wrote:
> Lloyds TSB pays a 12.91% (TTM) dividend at an ADR/Share price of
> $22.05.
> Many folks err in computing the dividends on U.K. banks because they
> pay variable dividends. The computer generated stock screens take
> only a multiple of the last dividend paid and don't compute the yields
> properly.
> There is no substitute for pencil and paper and the writer should
> double check his facts before publishing incorrect information.
-
Menachem Ben Yakov
-
26 Comments
Aug 31 07:41 PMwww.telegraph.co.uk/mo...
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think before you speak
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3 Comments
Aug 31 08:46 PM-
goatfarmer
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80 Comments
My Website
Sep 02 08:38 AM-
goatfarmer
-
80 Comments
My Website
Sep 02 08:45 AM-
JCCIII
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25 Comments
Sep 02 12:52 PM-
TopForeignStocks
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59 Comments
My Website
Sep 08 11:47 PMignorant - Thanks for the note.Will be more specific and clear next time.
User 138602 - RBS had a write-down of £5.9B due to exposure to the sub-prime credit
crisis.In order to shore up its capital base the bank had a right issue for raising
£12.0 B in JUne of this year.In addition the board had agreed to raise the Tier 1
Capital ratio to 8%. The stock has fallen so much due to this nearly £6.0B loss and
the ABN Amro purchase/integration expenses.
In UK, the rights issue was made on the basis of 11 new shares for every 18 shares
held at an issue of price just 200 pence which was about 46.3% discount to
the closing price of 372.5 pence on Apil 21, 2008.As of June 9th, about 95.11%
of the shares in the rights issue totaling about 5.8B shares were subscribed
by investors.
RBS has a dividend payout ratio of 45% in 2007.As per the board, after the rights
issue the 2008 may be reduced.
As the second largest lender in the UK after HSBC, RBS had to writedown this huge
£6.0B loss. So when compared to LYG, HBC or Standard Chartered this writedown was high.
Hence the stock is down a lot compared to peers.
Hope the above helps.
CARMEL - I included only the commons in this study.I should have mentioned this
in the post.Preferreds are a different story. I will include then in future articles.
Menachem Ben Yakov - Thanks for the info.I stand corrected.
goatfarmer- Thanks for the suggestion. You idea will be implemented in the
next similar article.Yes yields net of tax would be good to know but it
gets complicated due to many issues.I can include any time of tax info.
know for the mentioned countries though.
Thanks everyone for your comments. It helps me serve you better.:)
-
Menachem Ben Yakov
-
26 Comments
Sep 09 10:32 AMI would also suggest that, in my opinion, buying both HSBC and Lloyds TSB , at current levels, represents an outstanding opportunity. I have held HSBC for ten years and have not sold a share. I recently established a position in Lloyds( $22.05 ) after waiting and watching , quite literally, for the last seven years. These are two companies an investor cannot own enough of.
Respectfully yours , Menachem Ben Yakov
On Sep 08 11:47 PM David Hunkar wrote:
> Guys - Sorry for the delayed replies.
>
> ignorant - Thanks for the note.Will be more specific and clear next
> time.
>
> User 138602 - RBS had a write-down of £5.9B due to exposure to the
> sub-prime credit
> crisis.In order to shore up its capital base the bank had a right
> issue for raising
> £12.0 B in JUne of this year.In addition the board had agreed to
> raise the Tier 1
> Capital ratio to 8%. The stock has fallen so much due to this nearly
> £6.0B loss and
> the ABN Amro purchase/integration expenses.
>
> In UK, the rights issue was made on the basis of 11 new shares for
> every 18 shares
> held at an issue of price just 200 pence which was about 46.3% discount
> to
> the closing price of 372.5 pence on Apil 21, 2008.As of June 9th,
> about 95.11%
> of the shares in the rights issue totaling about 5.8B shares were
> subscribed
> by investors.
>
> RBS has a dividend payout ratio of 45% in 2007.As per the board,
> after the rights
> issue the 2008 may be reduced.
>
> As the second largest lender in the UK after HSBC, RBS had to writedown
> this huge
> £6.0B loss. So when compared to LYG, HBC or Standard Chartered this
> writedown was high.
> Hence the stock is down a lot compared to peers.
>
> Hope the above helps.
>
>
> CARMEL - I included only the commons in this study.I should have
> mentioned this
> in the post.Preferreds are a different story. I will include then
> in future articles.
>
> Menachem Ben Yakov - Thanks for the info.I stand corrected.
>
> goatfarmer- Thanks for the suggestion. You idea will be implemented
> in the
> next similar article.Yes yields net of tax would be good to know
> but it
> gets complicated due to many issues.I can include any time of tax
> info.
> know for the mentioned countries though.
>
> Thanks everyone for your comments. It helps me serve you better.:)