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UN - Bankinter: An Overlooked Spanish Bank With A 4.75% Dividend Yield
Unilever NV
Introduction
Last week, we discussed Galp Energia (OTC:GLPEF) (OTCPK:GLPEY) in the previous edition of Focus on Europe as the vertically integrated oil and gas producer based in Portugal reported on its Q1 results.
We are staying on the Iberian peninsula for this week’s version of Focus on Europe as the spotlights are on Bankinter this week. Smaller Spanish banks are often still ignored by the market although they have turned a corner by now. Bankinter’s CET1 capital ratio is more than 40% higher than the regulator’s minimum requirement, and its dividend