ENGGY - Enagas S.A. A Spanish Dividend Contender
With the S&P 500 (SPY) trading at a 24.83 average, finding attractively priced utilities which provide a decent return has proved trying over the past year. One often has to look beyond the U.S. to find such stocks - and natural gas utility Enagas S.A. (OTCPK:ENGGF) (OTCPK:ENGGY) definitely fits the bill.
Utilities are generally seen as stable cash cows for conservative income investors, and Enagas is no different in this regard. The company is Spain's foremost gas manager and is the Spanish gas systems' technical manager, transporting gas