PBCBF - Publicis Group: I Increased My Exposure To This 6.2%+ Yielding Company

Introduction

Publicis Groupe (OTCQX:PUBGY) (OTCQX:PGPEF) (OTCPK:PBCBF) is a French PR firm that has a history of paying attractive dividends and generating a substantial amount of free cash flow, but unfortunately it also has a history of overpaying for acquisitions. Despite the latter, I have initiated a long position and have written additional out of the money put options on Publicis, and the strong dividend yield was what convinced me.

Source: Yahoo Finance

As you can imagine, the company’s listing in France is much more liquid than the OTC