After the recent rout in equity markets worldwide some of the banking stocks are worth a look at current levels. Since share prices have declined, high quality banks have dividend yields of more than 5%. Unlike banks that are still bogged in credit-crisis era issues, the following banks are relatively in healthy shape and are listed here for further research:
1.Company: Nordea Bank AB (NRBAY)
Current Dividend Yield: 6.66%
2.Company:Svenska Handelsbanken AB (SVNLY)
Current Dividend Yield: 5.30%
3.Company: DBS Group Holdings Ltd (DBSDY)
Current Dividend Yield: 6.55%
4.Company: Banco Latinoamericano de Comercio Exterior SA (BLX)
Current Dividend Yield: 6.90%
5.Company: Westpac Banking Corp (WBK)
Current Dividend Yield: 6.40%
Note: Dividend yields noted above are as of Mar 2, 2016. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.
Dividends from Aussie banks are franked. So dividend withholding taxes will not be deducted for US investors. Singapore is one of the few countries in the developed world that withholds 0% for investors.
Disclosure: Long WBK