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Multinationals Yield Income in a Down Market
CNBC.com | October 03, 2011 | 09:32 AM EDT

Taylor mentioned Coca Cola as an prime example. Selling around $69 a share recently, Coke has a dividend yield of 2.7 percent that has been increasing steadily at 10 percent to 15 percent a year, he said.

“They make 80 percent of their earnings overseas—in China, Brazil, India,” says Taylor. “They focus on consumers in growing economies. Shareholders don’t have to worry about Europe and the U.S. growing at barely 1 percent. You want to own companies that are selling to growing markets, that hire in countries where labor costs are a third of what they are here.”

North Star also holds Philip Morris International , which pays a 4.5 percent dividend and announced a 21 percent quarterly increase last week; Royal Dutch Shell , a 5.5 percent dividend; Bank of Montreal at 5 percent and Johnson & Johnson at 3.6 percent.

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