Below we presented the list of 5 Best European Dividend Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 14 Best European Dividend Stocks to Buy Now.
5. LyondellBasell Industries NV (NYSE:LYB)
No of HFs: 31
Total Value of HF Holdings: $604 Million
LYB is the 5th Best European Dividend Stocks to Buy Now. The stock currently trade at $85 and has a dividend yield of 4.90%. At the end of the third quarter, a total of 31 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -3% from one quarter earlier. By comparison, 34 hedge funds held shares or bullish call options in LYB a year ago. An insider recently purchased 4,400 shares at around $53 in May 2020. The stock is up 60% since then. LYB is also mentioned as one of the 10 Best Chemical Stocks to Buy For 2021.
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4. Royal Dutch Shell Plc (NYSE:RDS)
No of HFs: 31
Total Value of HF Holdings: $853 Million
Royal Dutch Shell currently trades at $36 and has a dividend yield of 3.61%. The company was mentioned as one of the 10 Best Dividend Stocks to Buy According to Billionaire Ken Fisher. During the second quarter of 2020, the company reported adjusted earnings of $0.6 billion.
3. GlaxoSmithKline Plc (NYSE:GSK)
No of HFs: 31
Total Value of HF Holdings: $1.77 Billion
GSK ranks third in our list of the best European dividend stocks to buy now. The stock’s current price is $37 and has a dividend yield of 5.50%. The company is known as one of the leading multinational pharmaceutical companies. Recently, the company received FDA approval for its Cabenuva. Lynn Baxter, Head of North America at ViiV Healthcare, said in a release.
“Today’s FDA approval of Cabenuva represents a shift in the way HIV is treated, offering people living with HIV a completely new approach to care,”
2. Novartis (NYSE:NVS)
No of HFs: 33
Total Value of HF Holdings: $530 Million
NOV shares currently trade for $90 and offer a dividend yield of 3.73%. They are a global healthcare company that addressed patients’ needs worldwide. The company recently announced that they are joining forces with Pfizer and BioNtech to help produce mRNA vaccines. Novartis Technical Operations head Steffen Lang said in a statement,
“Novartis has been mobilizing on multiple fronts to support the global pandemic response. We expect this to be the first of a number of such agreements.”
1. Linde Plc (NYSE:LIN)
No of HFs: 60
Total Value of HF Holdings: $3.55 Billion
The best European dividend stock to buy now is LIN. LIN has a dividend yield of 1.73%. At the end of September, a total of 60 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 15% from one quarter earlier. An insider recently purchased 3,400 share at around $160 in May 2020. The stock is up 54% since then. LIN was mentioned as one of the 10 Best Hydrogen Fuel Cell Stocks to Buy Now. In an article, VGI Partner mentioned that they believe a number of factors make the industrial gas industry an attractive investment
“Linde plc (NYSE: LIN) contributed +1.3% to performance for the twelve months to 30 June 2019, with the share price increasing 27.0% over the course of the year.
Linde plc is the result of a merger between two of the big four industrial gas providers, Praxair Inc. and Linde AG. The merger closed in March 2019 and the combined business, Linde plc, is now the largest industrial gas player in the world, further consolidating an already highly concentrated industrial gas industry.
We believe a number of factors make the industrial gas industry an attractive investment. The product is a fraction of their customers’ total cost base but an essential input, providing substantial pricing power. Industrial gas facilities require substantial initial capital requirements and often it will take three years to see any return on this investment. The industry has very long-term contracts with ‘Take or Pay’ provisions, improving earnings visibility. In addition, the industry has a highly consolidated market structure, with the top three players holding ~80% of the global market. Finally, the industry tends to form regional monopolies, as production must occur within 200km of the end customer.
We have been Praxair shareholders for many years as, in addition to the above factors, Praxair has a very high-quality, long term focused management team who are aligned with shareholders as a result of their substantial shareholding.
This Praxair management team is, as of March, in control of the merged business and we believe their best-in-class execution combined with Linde AG’s assets will result in significant pricing opportunities and margin improvement over the coming years.”
Please also see 10 Best Dividend Stocks For Passive Income and 10 Best Chemical Stocks to Buy For 2021.
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