Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

TAL International Group Offers A 6.40% Yield And Exposure To Global Trade Growth

TAL International Group (NYSE:TAL) is one of the largest intermodal container leasing companies. As of May 2013, TAL manages over 2.0M TEU, or twenty foot equivalent unit, of container capacity representing about a 13% global market share. The company offers an above market dividend and is trading at attractive multiples to EBITDA and adjusted book value. TAL currently offers a $0.66 per share quarterly dividend and yields about 6.40%.

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Global GDP Ensures Strong Container Demand

Like its peer Textainer Group Holdings (NYSE:TGH), TAL benefits from strong secular demand for containers. The container trade is highly correlated to global trade growth while global trade often grows at large multiples to global GDP growth. Since...

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