- I believe Red Eléctrica de España is a good pick for dividend growth investors.
- The company has 9-year unbroken revenue growth and 10-year unbroken net income, EPS and DPS growth.
- With a P/E of 15.8 and trading near the estimated fair value of ± €60 ($77.50), the stock is attractive.
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May. 1, 2012, 12:37 PMBolivian President Evo Morales announces the nationalization of Spain's Red Electrica (RDEIF.PK), and orders the military to guard the company's installations. The energy giant is 20%-owned by the Spanish state, with foreign pension funds also big holders. This follows the seizure of Repsol's Argentinian subsidiary YPF last month. | 5 Comments
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Red Elctrica de Espaa, S.A., founded in 1985 in application of Law 49/1984 of 26 December, was the first company in the world exclusively dedicated to the transmission of electricity and the operation of electricity systems.
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