The Spanish IBEX-35 index is up 10.3% as of May 2, 2011. Fears of debt crisis that plagued Spain last year have largely subsided. The financial system has stabilized and failing cajas (savings banks) have been closed or merged with stronger peers. With one of the largest economies in Europe and strong ties countries in Latin America, investors may want to add some Spanish equities at current levels.
In order to identify some of the blue chips stocks in Spain I referred to the STOXX Spain 20 Index. This index provides a blue-chip representation of the largest companies in Spain.The components of this index are listed below together with ADR tickers if available and current yields:
1.ABERTIS INFRAESTRUCTURAS
Sector:Industrial Goods & Services
2.ACS
Sector: Construction & Materials
3.AMADEUS IT HLDG (AMADF)
Sector: Industrial Goods & Services
Current Dividend Yield: N/A
4.BCO BILBAO VIZCAYA ARGENTARIA(BBVA)
Sector:Â Banks
Current Dividend Yield: 6.68%
5.BCO POPULAR ESPANOL
Sector:Â Banks
Current Dividend Yield:
6.BCO SABADELL
Sector:Â Banks
Current Dividend Yield:
7.BCO SANTANDER (STD)
Sector:Â Banks
Current Dividend Yield:10.26%
8.CRITERIA CAIXACORP
Sector:Â Financial Services
Current Dividend Yield:
9.ENAGAS (ENGGY)
Sector: Utilities
Current Dividend Yield: 3.40%
10.ENDESA
Sector: Utilities
Current Dividend Yield:
11.FERROVIAL (FRRVY)
Sector:Construction & Materials
Current Dividend Yield: 1.10%
12.GAS NATURAL SDG (GASNY)
Sector:Utilities
Current Dividend Yield: 5.15%
13.GRIFOLS
Sector:Healthcare
Current Dividend Yield:
14.IBERDROLA (IBDRY)
Sector:Utilities
Current Dividend Yield: N/A
15.IBERDROLA RENOVABLES
Sector:Utilities
Current Dividend Yield:
16.INDITEX
Sector: Retail
Current Dividend Yield:
17.MAPFRE
Sector:Insurance
Current Dividend Yield:
18.RED ELECTRICA CORPORATION
Sector:Utilities
Current Dividend Yield:
19.REPSOL YPF (REPYY)
Sector:Â Â Â Oil & Gas
Current Dividend Yield: 3.98%
20.TELEFONICA (TEF)
Sector: Telecom
Current Dividend Yield: 8.36%
Disclosure: Long BBVA, STD
