24/7 Wall St. » TMX

Dividend Watch: Big Dividends in ADRs (AZN, GSK, NOK, TMX)

Administrator — Thu, 14 Apr 2011 15:38:19 +0000

American Depository Receipts, or ADRs, are generally called American Depository Shares, or ADSs, now. We found after some routine screens that there were many 3%, 4%, and 5% or higher dividend yields available for investors. The big caveat is that these dividends all have to be considered ‘moving targets’ because they fluctuate in dollar terms as their underlying currencies change levels. We used the most recent payouts and analyzed past trends on an annualized basis for the implied yields. We identified four such dividends for our “Daily Dividend” and have the screen on for more tomorrow:

Astrazeneca PLC (NYSE: AZN) pays twice a year and we had to split the past two dividends as a result. At $49.02, the drug giant’s implied yield is close to 5.2% and these ADRs have traded in a range of $40.30 to $53.53 in the last 52-weeks.

GlaxoSmithKline PLC (NYSE: GSK) is one that has to be interpolated and applied to last year and expectations, but at $40.80 with a 52-week trading range of $32.15 to $42.10 per ADR, this drug giant has a yield that would be close to 5.1%.

Nokia Corporation (NYSE: NOK) pays only an annual yield and it has proposed a 0.40 euro per share dividend for its annual meeting next month in May. This gives the currency risk even more room for error, but if we just keep it static then the payout would come to close to 6.4% since its $8.66 ADR price is so low against a 52-week range of $7.73 to $15.47. Maybe this is the only good thing happening at Nokia.

Telefonos de Mexico SA de CV (NYSE: TMX) at $18.38 pays close to a 6% yield and ADRs have traded in a range of $13.00 to $18.94 in the last 52-weeks. The Mexican telecom operator is one of the highest yields in Latin America.

Again, ADRs pay dividends based upon the local accounting standards. Not all are quarterly and the currency fluctuations and the timing can vary greatly here. There is no free lunch, but you already know that. As always, know what you are investing in.

JON C. OGG

Filed under: ADR, Dividend Tagged: AZN, GSK, NOK, TMX

Top Analyst Upgrades (AA, ADSK, GOOG, GES, TMX)

247wallst — Tue, 31 Mar 2009 12:10:12 +0000

These are some of the top analyst upgrades and positive research calls from Wall Street this Tuesday morning. As you will see, many of the upgrades are not exactly the most positive calls:

Alcoa (AA) Raised to Hold from Sell at Deutsche Bank.
Autodesk (ADSK) Raised to Neutral from Sell at UBS.
Google (GOOG) Raised to Buy at Merriman Curhan Ford.
Guess (GES) Started as Buy at Jefferies.
Telefonos de Mexico (TMX) Raised to Neutral from Underperform at Credit Suisse.

JON C. OGG

Posted in Analyst Calls Tagged: AA, ADSK, GES, GOOG, TMX

Top 10 Pre-Market Analyst Calls (CS, DB, UBS, ASML, IFX, PHG, ETFC, FCEL, MHK, PLUG, TMX, VLO, WNR)

247wallst — Fri, 30 Nov 2007 09:06:01 +0000

These are not teh only impact analyst calls today impacting stocks, but these are the key calls that 24/7 Wall St. is focusing on. This isn’t exactly 10 if you look at the bullet points, but that is because some of the research calls are multi-stock calls:

BEAR STEARNS Downgrades key European investment banking names: Credit Suisse (CS) and Deutsche Bank (DB) both downgraded to Underperform from Peer Perform ratings; UBS AG downgraded from Outperform to Peer Perform rating.
EU CHIP & TECH: ASML Holdings (ASML), Infineon (IFX), and Royal Philips Electronics (PHG) all started as Buy at UBS.
E*Trade (ETFC) downgraded to Market Perform from Outperform at BMO Capital Markets; Credit Suisse cut its price target to $4.00; Goldman Sachs cautions that a takeover is unlikely near-term..
Fuel Cell (FCEL) started as Overweight at JPMorgan.
Plug Power (PLUG) started as Underweight at JPMorgan.
Telmex (TMX) raised to Neutral at JPMorgan.
Valero (VLO) & Western Refining (WNR) were both raised to Buy at Banc of America. Mohawk (MHK) downgraded to Sell from Neutral at Banc of America.

Jon C. Ogg
November 30, 2007

Earlybird Analyst Calls (June 13, 2007)

247wallst — Wed, 13 Jun 2007 06:18:54 +0000

AL cut to Peer Perform at Bear Stearns.
ATV started as Outperform at CIBC.
BBI raised to Buy at Citigroup.
BT raised to Outperform at Bear Stearns.
CEVA started as Outperform at CIBC.
CNI cut to Peer Perform at Bear Stearns.
CRA started as Underperform at JMP.
CSAR raised to Neutral at UBS.
DF cut to Neutral at JPMorgan.
ECA started as Outperform at CIBC.
NGLS cut to Mkt Perform at Wachovia.
NOK started as Overweight at JPMorgan.
OPTN cut to Neutral at UBS.
PSD started as Outperform at R.W.Baird.
SAPE raised to Outperform at RBC.
TMX cut to Hold at Citigroup.
VDSI raised to Outperform at FBR.
VRNT raised to Buy at Deutsche Bank.
WCC raised to Buy at UBS.

Jon C. Ogg
June 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.