Solid Long-Term Dividend Stock: Bank of Nova Scotia

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Scotia Bank Logo

During bear markets some investors try to analyze their portfolio holdings to determine which stocks to hold for the long-term and which stocks to trim down or sell out even if they are at a loss. Large cap companies that pay solid dividends and have consistent
long-term performance are the favorites for such investors.While its true large cap stocks like AIG, WB have collapsed recently, its highly unlikely that the majority of the stocks that meet the above two criteria will go under.

Bank of Novo Scotia (BNS) is one company that may a solid long-term holding in a well-diversified portfolio. The following are some reasons why you may want to hold BNS or the long-term (many years):

  • Has paid dividend every year since 1832.
  • Increased dividends in recent years (2005,2006,2007 and 2008).
  • Consistent dividend increases among major Canadian companies.
  • International presence in countries like Mexico,Peru,Chile,Jamaica,etc.
  • One of the top five large Canadian banks.
  • High Payout Ratio (> 33%).
  • Well diversified in three business areas: Domestic Banking,International Banking and Capital Markets.
  • Makes higher profits from revenues than most other peer banks.
  • Constituent of the main Canadian Market Index (S&P/TSX Composite Index).

Disclosure: Long BNS

Four Leading International Stocks

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Japan

Some folks follow the strategy of selecting stocks that outperform other stocks in the same industry. The idea here is to select the winners in a particular sector for a given time period.

The following are five such stocks that have outperformed the industry by over 50% year-to-date:

1.Telefonos de Mexico, S.A.B. de C.V (TMX) is a telecom service provider in Mexico and has 17.8 million local fixed lines. TMX pays a dividend of 3.37% and the total revenue is $10.2B. EPS has grown at an average annual rate of 16% over the past 5 years.

2.Taiwan-based Chunghwa Telecom Ltd (CHT) provides integrated communication services.The current yield is 1.07% and the P/E is 13.56. Earnings and revenue has almost been flat in the past 5 years.

3.Sociedad Quimica y Minera de Chile(SQM) is a fertilizer manufacturer in Chile.Annual dividend growth rate is 45% and the dividend yield now is 2.83%. After reaching nearly $60 in the past 52 weeks, SQM has fallen to $19.85 as of yesterday following the crash of the agricultural stocks.

4. The famous Japanese company Panasonic Corp(PC) makes an array of electronic and electrical products. While Sony(SNE) 47% in the last 52 weeks Panasonic is down just 15%.PC has a dividend yield of 2.49%. On Oct 1, 2008 the company changed its name from Matsushita Electric to Panasonic Corporation.

Three French ADR Stocks

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Unlike Canada or Canada,there are not many French stocks listed in the US. Other than the iShares France ETF (EWQ) there are some French companies that trade in the

The following are three stocks worth looking into:

1.CGV Veritas(CGV) provides technical services to oil and gas companies or exploration.Year-to-Date the stock is down nearly 62%.CGV ‘s market cap is $2.5B.

2.AXA(AXA) operates in the nonlife insurance sector.AXA has a dividend yield of 8.13% and the P/E is 6.7 5.AXA is aggressively expanding in emerging markets like India,China,etc.

3.Sanofi-Aventis (SNY) is a France-based Pharma&Biotech; company.Year-to-Date
SNY is down 37%.SNY has a 6.17% yield and the P/E is 10.4 .It is the maker of Ambien, the insomnia prescription drug.

Global Dividend Paying Stocks Under $10

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After last week’s stock market crash worldwide some investors are trying to bottom feed on some of the battered stocks. There are plenty of stocks with great dividend yields.Some of the stocks have fallen so much that they now trade for under $10.

The following is a list of foreign bank stocks under $10 that trade on the US exchanges. These stocks have excellent yields but investors must remember that dividends can be suspended or cut anytime.With that in mind, you may want to review these stocks if you are trying to pick up some great value plays now.

Five Foreign Bank Stocks under $10 (as of Oct 12,2008) :

1. Banco Bradesco(BBD) , one of the large private sector banks in Brazil now trades for $9.69. Dividend Yield is 3.17% and the stock is down over 53% in the past 52 weeks. When the commodity markets recover, BBD will rebound.

2. National Bank of Greece (NBG) pays a dividend of 1.91% and the P/E is 9.22.

3. The OTC traded Swedbank AB (SWDBY) is a banking company in Sweden. SWDBY closed at $8.90 last Friday and has n yield of 16.90%.

4.BBVA Banco Frances SA(BFR) is an Argentina based bank. Currently it pays a juicy 9.70% yield and the P/E is 6.29. It is a small bank with a market cap of just over $500M.

www.TopForeignStocks.com

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5.Denmark-based Danske Bank A/S (DNSKY) closed at $7.70 on Friday. DNSKY has a dividend yield of 11.34% and is one of Denmark’s well known banks.