June 27th 2011
Top Yielding Brazil Telecom Stocks
Are Brazilian stocks worth calling on? The growth in the number of cellular phones has increased by more than 17% in the last year, according to Teleco. Brazil has several telecom companies which are publicly traded, most of which trade on the New York Stock Exchange. According to the free list of Brazil stocks at WallStreetNewsNetwork.com, there are almost half a dozen Brazilian telecom companies that pay yields in excess of 1.5%.
Oi (TNE), based in Rio De Janeiro, was formerly called Telemar, but is also still called Telemar Norte Leste S.A., is the largest landline telephone company in Brazil and the second biggest in Latin America, behind Mexican América Móvil (AMX), based on both the number of lines in service and on revenues.
The company has over 22 million land lines, more than 31 million wireless customers, 4 million ADSL subscribers and approximately 44,000 employees. Oi is Portuguese for “Hi”. The stock has a forward P/E of 8.4 with a fairly generous yield of 3.2%.
Brasil Telecom S.A. (BTM) is one of the major telecommunications companies in Brazil is Brasil Telecom, which is headquartered out of Brasilia. I Full Article…
China is planning interest rate hikes later this week, causing many Chinese stocks to drop in price. The country is making this move in order to keep inflation under control. Now that the news is out, it may be a buying opportunity. Investors who are willing to take the risk of investing in China stocks are choosing ones that pay dividends, in order to reduce risk by returning capital faster and possibly reducing volatility. WallStreetNewsNetwork.com has just updated its list of over a dozen China stocks that pay dividends with yields ranging from one percent to as much as 7.5%. The wireless telecom company, China Mobile Limited (CHL) trades at 11.6 times forward earnings and yields 3.3%. Dividends are paid twice a year.PetroChina Co. Ltd. (PTR) has been paying dividends since 2000, and pays twice a year also, most recently in May and September. This producer of oil and natural gas has a forward PE of 9.9 and pays a yield of 3.3%.Another China company with a long term track record of paying dividends is China Petroleum & Chemical Corp.