ORAN - 3 Foreign Dividend Stocks That Yield More Than 5% and Can Diversify Your Portfolio
2024-03-01 05:59:00 ET
Whether you're worried about the U.S. economy or just want to diversify your portfolio, it can be a good idea to consider investing in companies based in other parts of the world. And some of those stocks also offer some great yields. Three foreign dividend stocks that pay more than 5% that you should consider for your portfolio are Orange (NYSE: ORAN) , Enbridge (NYSE: ENB) , and Ambev S.A. (NYSE: ABEV) . Here's a look at how much each of these stocks yields, and why they are attractive investment options.
Orange is a French-based telecom provider and a big brand in Europe, Africa, and the Middle East. The company has nearly 300 million customers worldwide, and operates in 26 countries.
Last year Orange reported revenue of 44.1 million euros, which rose around 2% on a year-over-year basis. Operating income improved by nearly 7% on a comparable basis, with management saying that it had met all of its financial targets for the year. Orange has streamlined its portfolio and consolidated some operations in an effort to strengthen its bottom line, which has clearly paid off for the business.
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3 Foreign Dividend Stocks That Yield More Than 5% and Can Diversify Your Portfolio