Daily dividend news for investors in dividend stocks

Go Overseas For This 5% Yielder

Published Sat, 06 Oct 2012 12:55:22 -0400 on Seeking Alpha

Income investors face a challenging environment in the quest for yield. Valuations for traditional domestic dividend paying sectors (Consumer Staples, Pharma, Utilities, Telecom) seem stretched after nice runs over the past 12 to 18 months. I think now is a good time to look overseas for solid dividend payers with reasonable valuations. Europe seems like a good area to look for dividend stocks with solid cash flow and valuations given the negative sentiment currently hovering over the continent. Eni (E) is a major integrated oil company that has cheap valuations, some important new energy finds and yields 5% to boot. It is worth consideration at these price levels. Recent positives for Eni: It is making good progress with its huge field in Zubair, Iraq. It has raised production to 270,000 B/D and is targeting 1.2mm B/D at full production. The company just announced solid results from its well in the.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ENI 13.20   0.0 0.00 0.84 6.24
ENI 30.72   13.6 2.25 1.37 4.26