VEOEY - Veolia Continues To Be A Bargain With A Nice 4% Dividend Yield
2024-06-03 14:43:11 ET
Summary
- Veolia Environnement SA continues to perform well, with earnings growing 12% last year and a 4.0% dividend yield.
- The company reported impressive first quarter earnings, with revenue and EBITDA showing strong growth.
- Veolia's "Green Up Plan" aims to grow net income by 10% per year until 2027.
- The company continues to have an investment grade balance sheet.
One of our favorite utility-like businesses, Veolia Environnement SA ( VEOEF , VEOEY ) out of France, continues to execute. We first wrote up Veolia in November 2022 ( here for more background). The stock has done well (up 58%), and earnings continue to grow nicely. The stock price is up 13% in the past year but continues to trade at a 4.0% dividend yield and only 15x earnings. With earnings per share up 12% last year, the stock remains compelling....
Veolia Continues To Be A Bargain With A Nice 4% Dividend Yield