GE - Why Siemens Is Still a Great Option for Dividend Investors
Back in September, many dividend investors were enticed by the 4%-plus yield being distributed by Siemens (OTC: SIEGY). But with the stock up more than 23% since then -- and the yield down proportionally to about 3.5% -- is it still a solid option for income-seeking investors? I happen to think the answer is still "yes."
Going into the fourth quarter, investors were right to think of Munich-based Siemens as a high-yield stock, but one that came with the implicit understanding that earnings headwinds were gathering. After all, during the third-quarter earnings release in August, management had painted a dismal picture.
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