Spain is now the fastest-growing country in Europe. And for investors willing to comb through the rubble, some quality blue-chip stocks still yield from five to up to seven percent. You should pay attention for a couple of reasons. The situation has left some big yields, too. The country’s entire stock market pays out 4.6%, representing one of the highest yields in Europe...
If you do some extra digging, you can find even bigger payouts. Wonderful businesses like Telefonica S.A. (ADR) (NYSE:TEF), Gas Natural SDG ADR (OTCMKTS:GASNY), and Grifols SA, Barcelona (NASDAQ:GRFS) have been marked down. Some of these names pay out yields as high as 7.5%. Investors, though, have started to catch on. Last week, Spain’s IBEX 35 Index hit a fresh 52-week high. Over the past nine months, the market has soared 32%. There could be more room to run. Shares still represent a bargain, with the index trading near 1998 prices. If you want more income, take a second look at Spain.
Source: Income Investors
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Posted by D4L | Saturday, May 13, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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