Is Eni SpA (ADR) (E) a Buy?

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Again, I like to invest in equities only when I see either a great sustainable dividend yield, a probable M&A situation coming or when I see a possible near term catalyst for the shares. I think of British Petroleum as the kind of risky investment that has a catalyst coming: the resolution of the Macondo spill. Eni is the kind of equity I would buy just for its sustainable dividend. Shell is a great company but it doesn’t fit any of the criteria above and, moreover, it doesn’t seem overly cheap. At below $45 Eni will offer a growing 6% dividend yield. With interest rates still on the floor, I think E is a great way to invest your savings. At least that’s the way I am going!

The article Is Eni a Buy? originally appeared on Fool.com and is written by Federico Zaldua.

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