20 Nordic Stocks Yielding More Than 4%

by: UltraLong

Nordic countries include Denmark, Sweden, Norway, Finland, Iceland and their accociated territories (e.g. Greenland). “Scandinavia” is also used often as a synonym for the Nordic countries, but in the strict sense Scandinavia only includes Denmark, Sweden and Norway. The region has a population of approximately 25 million and covers 3.5 million square kilometres (Greenland accounting for around 60% of total area alone). [source: Wikipedia]

If you are not familiar with these countries, you probably have heard about Vikings. They came from Scandinavia and between eight and eleventh century settled or raided most of Northern Europe, including coastal Finland and cities like London. They sailed in the south all the way to Sicily in the Mediterranean Sea, and in the west, all the way to North America. Their heritage can still be seen in the successful shipping and ship construction companies.

Denmark, Sweden and Finland belong to European Union. Out of these, only Finland belongs to euro zone, while others maintain their own currency. The Danish krone has been tied to the euro via the ERM II mechanism since 1999 and is required to trade within 2.25% range of the specified exchange rate of 1 EUR = DKK 7.46038. [source: Wikipedia]

Here is a list of Nordic companies yielding more than 4% and which I believe are available to US investors either as NYSE/NASDAQ listed companies or via pink sheets (OTC). The source of the data is from FT.com stocks screener:

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Nordic stocks top 20
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* While some of the companies are incorporated outside Nordic countries, I have counted them as Nordic companies because they are primarily listed in one of the Nordic stock exchanges and their roots and much of the operations lie in the region.

(pk) = Should be available via pink sheets. I did not want to include the ticker symbols for pink sheets as you should do your own due diligence before investing in them or before deciding which is the right instrument to trade. The companies directly listed either in NYSE or NASDAQ in the list above are:

Frontline (NYSE:FRO): “The worlds largest oil tanker company”.

Millicom (MICC): “Millicom provides affordable, widely accessible and readily available prepaid cellular telephony services to more than 30 million customers in 13 emerging markets in Latin America and Africa where the basic telephone service is often inadequate and where economic development and rising personal income levels are creating increasing demand for communication services.”

Seadrill (OTC:SDRLF): “leading offshore deepwater drilling company”.

Nokia (NYSE:NOK): World's largest mobile phone manufacturer and a leading provider of telecommunications networks (via a joint 50/50 company with Siemens).

Statoil (NYSE:STO): “a leading energy company in oil and gas production”.

Disclosure: Author is long OTCPK:TLSNF, OTC:FOJCF.