High-Yield Blue-Chip Banks

Jacob Harper  |

Dividend investing can be a safe, effective way to play the market. Many companies are loathe to pay out too much of a guaranteed return to investors, assuming they want to keep the money to spend it on themselves.

But that’s not always the case –- at least outside of America. When we looked to see what large bank stocks paid over a five percent dividend, we found that there were zero located inside the US that fit that description.

However, we found five foreign banks that trade within the US and  fit the bill. They are:

Banco Brandesco ($BBD)

Market Cap: $52.47 billion

Price: $12.52

P/E: 10.35

Dividend yield: 8.39 percent

Performance YTD: +0.97 percent

Barclays PLC (BCS)

Market Cap: $58.42 billion

Price: $15.64

P/E: N/A

Dividend yield: 5.75 percent

Performance YTD: -12.58 percent

Grupo Financiero Satander Mexico (BSMX)

Market Cap: $15.98 billion

Price: $11.46

P/E: 9.55

Dividend yield: 33.25 percent

Performance YTD: -15.98 percent

HSBC Holdings ($HSBC)

Market Cap: $182.54 billion

Price: $50.29

P/E: 12.12

Dividend yield: 7.56 percent

Performance YTD: -7.06 percent

Banco Satander-Chile (SAN)

Market Cap: $97.16 billion

Price: $9.00

P/E: 16.67

Dividend yield: 7.11 percent

Performance YTD: +1.58 percent

Westpac Banking Corporation (WBK)

Market Cap: $94.74 billion

Price: $30.65

P/E: 15.64

Dividend yield: 5.06 percent

Performance YTD: +5.51 percent

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
HSBC HSBC Holdings plc. 46.02 0.03 0.07 1,178,935 Trade
SAN Ivanhoe Mines Ltd. 5.06 0.02 0.40 8,178,634 Trade
WBK Westpac Banking Corporation 21.70 0.44 2.07 327,528 Trade
BSMX Banco Santander (Mexico) S.A. Institucion de Banca Multiple Grupo Financiero Santander Mexico 7.98 0.06 0.76 1,892,482 Trade
BCS Barclays PLC 9.58 0.03 0.31 3,330,609 Trade
BBD Banco Bradesco Sa American Depositary Shares 7.68 0.20 2.67 12,541,262 Trade
ABEOF Aberdeen Smaller Companies High Income Trust PLC n/a n/a n/a 0

Comments

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.