Analysis Manager recommends six dividend machines – OBI Online

Analysis Manager Karl-Johan Molnes in Norne Securities points out in a recent report that global equity markets have rebounded after a depressive start to the year.

– For that markets will go much higher this year, oil prices and profits of energy companies recover. While we wait for this, investors will find stocks with stable dividends attractive, he writes.

Molnes describes the banking sector as cheap and attractive for this purpose.

– But since some think banks are not are stable enough, we found six shares outside the banking sector with stable business models and a dividend yield of 5.10 percent, explaining Norne analyst.

RenoNorden: Traded at 36 percent discount compared to the Finnish waste management company Lasila & amp; Tikanoja Oyj. The low valuation and good dividend (approximately 5.3 percent yield) gives a margin of error until the stock has hit rock bottom and can begin the fundamental recovery.

Aker: Have fell from 400 to 150 million in 10 years. The stock trades around 35 percent discount on the NAV (net asset value), with 6.0 percent yield on its 10 million shares in dividends, says Molnes.

Statoil: Introduced on previous quarter performance called a “Scrip dividend” (program for dividend shares) to keep the promise of stable yields (currently around 6.0 per cent). When surpluses will return in energy, both Aker and Statoil good upside. Until then, do you own these dividends sake.

Weifa: Have a new financial shareholder with deep pockets, and which continues to increase from its initial investment of 12 percent of the company . The company has cash to spare for extra yield. But less support in the valuation makes the stock vulnerable to surprises in quarterly reports, hypervisor manager.

Gjensidige: Trading at around 6.0 percent yield, and the yield is related to both results and profits of capital. The market position is solid, but the potential for price appreciation is less due to the high valuation.

Telenor: 7.50 million in dividends, representing a yield of 5.7 percent. VimpelCom message that the two owners will sell 90 percent of the company means that Telenor’s 33 percent is one of them. This is welcome, since a sale probably will provide around $ 2.5 billion in revenue for dividends and investments in Asia.