Investing

5 European Dividend Aristocrats Offer Huge Income and Growth Potential

Sanofi provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseases, oncology and rare blood disorders; medicines for diabetes; and cardiovascular and established prescription products. It also supplies poliomyelitis, pertussis and hib pediatric vaccines, as well as influenza, adult booster, meningitis and travel and endemic vaccines.

In addition, Sanofi offers allergy, cough and cold, pain, digestive and nutritional products. Other products included daily body lotions, anti-itch products, moisturizing and soothing lotions, and body and foot creams, as well as powders for eczema. It also has various pharmaceutical products and vaccines in the development stage.

Sanofi has collaboration agreement with GlaxoSmithKline to develop a recombinant COVID-19 vaccine, and a research collaboration with Stanford University School of Medicine to advance the understanding of immunology and inflammation through open scientific exchange. It also has a collaboration with TrialSpark to execute clinical research studies in the areas of chronic obstructive pulmonary disease.

Investors receive a 2.85% dividend. BofA Securities has set a $69 price target. The consensus target on Sanofi stock is $65, and the shares closed at $47.94 on Friday.

Unilever

This is a great European consumer staples company for more conservative investors to consider. Unilever PLC (NYSE: UL) operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Russia, the Americas, Europe and elsewhere.

Its Beauty & Personal Care segment provides skincare and haircare products, deodorants and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond’s, Rexona, Signal, Suave, Sunsilk, TRESemmé and Vaseline brands.

The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchup and tea categories under the Ben & Jerry’s, Breyers, Brooke Bond, Heart (Wall’s), Hellmann’s, Knorr, Lipton, Magnum, The Vegetarian Butcher and Unilever Food Solutions brands.

The Home Care segment provides fabric solutions and home care and hygiene products under the Cif, Omo, Persil, Domestos, Seventh Generation and Sunlight brands.

Shareholders receive a 3.70% dividend. BofA Securities price target and the consensus target are both $68. Unilever stock ended last week at $54.86 per share.


These five top European stocks that trade on American exchanges have liquidity and pay very dependable dividends. One caveat for interested investors in the United States is that many foreign governments automatically withhold taxes on dividends paid by companies incorporated within their borders. This means that a certain percentage of the dividend probably will be withheld.

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