5 Best Foreign Stocks With Dividends

3. Telefónica, S.A. (NYSE:TEF)

Dividend Yield as of October 25: 10.47%

Telefónica, S.A. (NYSE:TEF) is a Spanish multinational telecommunications company that is also one of the largest telephone operators and mobile network providers in the world. The company currently pays a semi-annual dividend of $0.013 per share and has a dividend yield of 10.47%, as of October 25.

In Q2 2022, Telefónica, S.A. (NYSE:TEF) reported revenue of €10.04 billion, which showed a 0.8% growth from the same period last year. The company generated €1.34 billion in free cash flow during the first half of the year, up 48.2% from the prior-year period. During this time, it paid €169 million in dividends to shareholders, which shows that the company’s free cash flow is strong for its shareholder obligation.

In October, Barclays maintained an Equal Weight rating on Telefónica, S.A. (NYSE:TEF) with a €3.90 price target, expecting the company to produce positive results in the upcoming quarter.

At the end of Q2 2022, 7 hedge funds tracked by Insider Monkey owned stakes in Telefónica, S.A. (NYSE:TEF), compared with 11 in the previous quarter. These stakes have a total value of roughly $60 million.