Are you looking for some solid companies with great growth potential and healthy dividends to add to your stock portfolio? Why not have a look at some of the larger foreign banks to fill this need?
It is no secret that banks are a great source of dividends, especially for those of you investing for income in your retirement plans (IRA, 401K etc.). However, in recent years the valuations of the domestic banks have been increasing.
I have found, as have many professional investors, that the value available in foreign banks is much more attractive, at this time, than with domestic banks.
While the domestic banks offer great stability and a healthy yield, some foreign banks are offering very generous yields but also have a much greater potential for growth.
The following is a list of the top 5 foreign banks sorted by dividend yield. This will give you a great place to go hunting for solid dividend paying stocks to add to your portfolio.
|STD||Banco Santander Central Hispano SA (ADR)||6.05|
|BCS||Barclays PLC (ADR)||5.55|
|WBK||Westpac Banking Corporation (ADR)||4.19|
|AIB||Allied Irish Banks, plc. (ADR)||4.07|
|ANZ||Australia and New Zealand Banking (ADR)||4.04|
Be sure to use criteria other than just yield in your due diligence process. If you are looking for a place to start, begin by reading How to Choose Dividend Growth Stocks and Dividend Investing Basics.