Investing
4 World-Famous Companies Pay Huge 10%+ Ultra-High-Yield Dividends and Nobody Knows
Published:
Key Points
It was nice while it lasted, and while it may still have some seasonal strength left, the two-year AI-driven stock market rally may be ready to run out of gas fast. While the Magnificent 7 (the big tech companies that have driven most of the gains over the past two years) continues to surge, the rest of the S&P 500 has underperformed and trades at a multiple that looks dangerously high.
While Treasury yields have backed up and look somewhat tempting, they don’t offer the total return potential that dividend-paying stocks do. Investors concerned about the staggering U.S. debt and the potential for a government shutdown once again next year are becoming genuine issues for the domestic stock market, and investors may want to look across the pond and to the Great White North.
We decided to screen our 24/7 Wall St. foreign dividend stock research database looking for well-known companies that may be off-the-radar for U.S. investors. We found four companies, most of which are incredibly well-known and, in some cases, dominate their respective sectors. They all share one common trait: They pay huge and reliable dividends.
While not suited for everybody, those who are trying to build strong passive income streams can do extremely well having some of these top companies in their portfolios. Paired with more conservative blue-chip dividend giants, investors can use a barbell approach to get passive income streams that can make a significant difference.
With a huge 10.31% dividend and a product that never goes out of style, this Canadian telecom giant looks cheap at current trading levels. BCE Inc. (NYSE: BCE) is a communications company that provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments.
The Bell Communication and Technology Services segment provides:
This segment also buys and sells local telephone, long-distance, and data and other services from or to resellers and other carriers and operates consumer electronics retail stores.
The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming, digital media, radio broadcasting, and out-of-home advertising services.
The German luxury car giant pays investors a massive 10.19% dividend. Mercedes-Benz Group AG (MBGAF) is an automotive company in Germany and internationally that combines luxury with performance across its full line of models, including luxury sedans, SUVs, coupes, roadsters, convertibles, and more.
It operates through three segments:
The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, and G-Class brands, as well as related spare parts and accessories.
It also provides:
The company, formerly known as Daimler AG, changed its name to Mercedes-Benz Group AG in February 2022. Founded in 1886, Mercedes-Benz Group AG has its headquarters in Stuttgart, Germany.
This company pays investors a huge 10.38% dividend and is in a sector that always has demand. Vodafone Group PLC (NASDAQ: VOD) provides telecommunication services in Europe and internationally.
It offers mobile connectivity services comprising:
The company also provides:
In addition, it offers integrated business communication services, fixed mobile convergence services, carrier services, and IoT devices comprising managed tablets and integrated terminals.
Further, it offers M-Pesa, an African mobile money platform that allows payments and provides financial services; Vodafone Business’ multi-cloud platform; and productivity solutions. It also operates digital cloud-based television platforms.
Trading at a ridiculously cheap 4.4 times estimated 2024 earnings, this European automobile legend could be a massive home run while paying a huge 10.98% dividend. Volkswagen AG (VWAPY) manufactures and sells automobiles around the world.
Volkswagen manufactures and sells automobiles in:
The company operates through four segments:
The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles and related parts; and offers motorcycles.
The Commercial Vehicles segment develops, produces, and sells trucks and buses and offers parts and related services.
The Power Engineering segment offers large-bore diesel engines, turbomachinery, and propulsion components.
The Financial Services segment provides dealership and customer financing, leasing, direct banking and insurance, fleet management, and mobility services.
The company sells vehicles under these brands:
Five Stocks Trading Near $5 That Pay Ultra-High-Yield Dividends
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.