For today we decided to look at large cap companies that pay out a very high yield - say, an 8 percent dividend yield or over. We found seven companies that were both doing over $10 billion a year and paying out that high of a yield.
Such a high payout is certainly unusual. And we found that each company has their unique reasons for rewarding their stockholders with such a high dividend.
AstraZeneca PLC (AZN) AstraZeneca is a British-Swedish pharmaceutical company that is the fifth largest pharma company in the world. AstraZenenca has been rife with controversy recntly, both over the development of the drug Seroquel and several sexual harassment lawsuits. Their stock is up 56 cents to $47.86 a share for a gain of 1.18 percent.
Cia Energetica de Minas Gerais (CIG) Also known as CEMIG, this Brazilian power company is responsible for 12 percent of Brazil’s power. This company is one of the 150 largest companies in the world, and trades on the Bovespa and New York Stock Exchange. CEMIG is up 1.23 percent to $9.08 a share.
France Telecom (FTE) This French company has had quite an unusual history. It was owned by the French government until 2004, at which point it was privatized. France Telecom is down .32 percent to hit $9.46 a share, and has been steadily declining all year.
Banco Satander-Chile (SAN) Known colloquially as Satanader, this company is the largest bank in Chile. The stock is basically flat, down .04 percent to $24.44 a share. They’re down 14.22 percent YTD.
SeaDrill Limited (SDRL) SeaDril is an offshore drilling company located in Bermuda. They have drilling operations in every populated continent and are one of the larger drilling operations on the planet. They’re up .29 percent to $40.86 a share.
SK Telecom Co. Ltd. (SKM) SK is a South Korean wireless operator. The company is rumored to be working on the new iPhone 5S with Apple (AAPL). They’re down 1.87 percent to $19.95 a share.
VimpelCom Ltd. (VIP) Billing itself as “one of the world’s largest integrated telecommunications service operators,” this Amsterdam-based company is down .30 percent to hit $10.03 a share.
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