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

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