3 International Income Stocks To Buy For Up To 9% Yield

This is not a complicated business, but it is a perfect one. Coca-Cola European Partners is the largest bottler of Coca-Cola based on revenue in the world. It buys the ingredients from the Coca-Cola Co. (NYSE: KO), bottles the product, and sells it to consumers all over the economically stable Western European region.

The semiannual dividend is currently 7.22%. Insiders own more than 50% of the company, so they have a vested interest in making sure the payout continues to grow.

This next income stock has a slightly higher dividend yield. After this, we'll show you our 9% dividend…

Higher Dividends in Japan

Canon Inc. (NYSE: CAJ) is a familiar name for U.S. consumers. The company makes cameras, printers, digital cameras, copy machines, and other electronic equipment for home and office use. Canon also has a medical division that makes a wide range of medical imaging equipment.

Canon has a dividend yield of 7.61 right now.

Those who care about the technicals of a stock will note that Canon shares are forming a quadruple bottom.

Japan has a CAPE ratio of 19 right now, so it is still far cheaper than the U.S. markets.

Now, the moment you've been waiting for. Here is an international income stock that pays a 9.29% dividend right now…

The Best International Income Stock

Mobile TeleSystems Public Joint Stock Co. (NYSE: MBT) is a telephone company in Russia. Although its core business is wireless, it also sells fixed-line services, including home telephony, broadband Internet, and pay-TV services in Moscow and different regions throughout Russia. MTS ranks among the top three broadband access providers and the top five pay-TV operators in Russia.

MTS also offers fintech services to customers, including cash management solutions, payroll services, and overdraft and loan programs.

Politics and grudges aside, Russians will use their phones and laptops. MTS will collect the cash and share part of it with us as a dividend. It is not exactly like buying AT&T, but it is not off as much as you might think. The stock is trading with a price/earnings ratio of just 10, which is well below where companies like AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) trade right now.

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Adam Reynolds 10 months ago Member's comment

Agreed, I've had my eyes on $MBT.