ADRs in the OTC Market with Dividend Yields Greater than 5%

The OTC market is often overlooked by investors. Some of the large foreign companies are listed in the OTC markets.

When I ran my screen with the conditions:
Market Cap >= $25B
Dividend yield >=5%

The following five stocks appeared as a result:

E.On AG (EONGY.PK)
Market Cap = $63.4 B
Dividend Yield = 5.84%

RWE AG (RWEOY.PK)
Market Cap = $40.7 B
Dividend Yield = 7.20%

BASF SE (BASFY.PK)
Market Cap = $37.7 B
Dividend Yield = 6.03%

Telstra Corporation (TLSYY.PK)
Market Cap = $33.0 B
Dividend Yield = 7.48%

National Australia Bank (NABZY.PK)
Market Cap = $32.4 B
Dividend Yield = 6.17%

It is interesting to see that the top 3 companies in the above list are German companies and the other two are Australian. E.ON and RWE are two of the largest utilities there. Of course BASF is one of the largest and well-known global chemical giants. Australia-based Telstra is a telecom services provider. National Australia Bank is one of the largest banking groups in Australia.

Comments

[Burton A. J...:]

Everybody likes good companies that pay high dividends.
What about the 20% withholding on those dividends by the host government, especially on tax-qualified accounts?

Burton A. Johnson, M.D., J.D.

Jul 07 03:17 PM

[Uncle Pie:]

you get the money back as a credit against your US taxes by filing form 1116. Works for me. The main benefit is that you are getting income in a currency other than the US dollar.

Jul 07 07:26 PM

[YoYoMama:]

There are two problems with some of these pink sheets ADR's that keep me away: 1) The dividends are often annual, not quarterly, and 2) you often need to use a broker (and pay the broker's fee) to purchase because of low volume.

Jul 10 09:54 AM