NVS - 3 Top European Dividend Stocks for U.S. Investors
If investors focus too intensely on American companies, they can miss out on the many attractive investment opportunities offered by markets in other parts of the world. To help some of them widen their gazes, let's consider three European companies -- all easily available to buy in the U.S. -- each of which offers an attractive combination of a 3%-plus yielding dividend and the prospect of long-term growth: German industrial giant Siemens, and Switzerland's Novartis and ABB.
All three stocks currently yield between 3% and 3.3%, and the analysts' consensus is that they'll grow their earnings before interest, tax, depreciation, and amortization (EBITDA) in the coming years. Novartis is forecast to grow EBITDA at a compound annual growth rate (CAGR) of 5.5% from 2019 through 2021, while Siemens is expected to grow at 8%, and ABB's turnaround strategy is set to produce an EBITDA CAGR of 13.5%.
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