10 Best Foreign Stocks With Dividends For Passive Income

3. Linde plc (NASDAQ:LIN)

Dividend Yield as of February 3: 1.25%

Number of Hedge Fund Holders: 63

Linde plc (NASDAQ:LIN), a UK-based industrial gas company, ranks 3rd on our list of the best foreign stocks for an income portfolio. The company operates worldwide, offering a variety of gases including oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

In August 2024, Linde plc (NASDAQ:LIN) entered a long-term agreement with Dow’s Fort Saskatchewan Path2Zero Project to provide clean hydrogen. Per the agreement, Linde will spend over $2 billion to construct and operate an Alberta-based clean hydrogen and atmospheric gas site. This will be one of the largest global industrial facilities and is expected to be completed in 2028.

During Q3 2024, North America remained a positive contributor in Linde plc’s (NASDAQ:LIN) portfolio, accounting for 40% of the company’s global sales. However, EMEA and parts of APAC (mainly China), were impacted by geopolitical tensions and economic turbulence. The company’s operating cash came in at $2.7 billion in Q3, which was 8% higher than the same quarter last year and 42% more than in Q2 2024. The company expects similar operating cash flow in Q4. Linde injected capital worth $3.4 billion into its business while giving $5.1 billion back to shareholders. LIN aims to maintain a single A credit rating and raise dividends annually, with 2024 being the 31st consecutive year that the company increased its payouts.

Insider Monkey’s third-quarter database shows that 63 Wall Street funds held long positions in Linde plc (NASDAQ:LIN), the same as the prior quarter.