NRDBY - Nordea Bank: Secure 8.7% Yielder (Q4 Update)
In my previous article, analyzing the stock when the latest available data was Q3, I argued that Nordea (NRDBY) is a secure source of an above-average current income stream. Since then, the stock has increased by ~6%, and in Q4, the board has proposed a 1.2% bigger dividend compared to 2018. Given the recent figures and Nordea's stock performance, I consider that the bank is still a good investment for one who seeks to capture huge dividend yield. However, the level of its attractiveness has slightly decreased.
Valuation
Nordea is currently trading at