Russian Dividend Stocks

Posted by D4L | Saturday, December 22, 2012 | | 0 comments »

In my column this weekend, I argued that Russian stocks might be a good bet. Alongside a more supportive global economic backdrop and cheap valuations, my argument included a couple of more structural reasons: A more creditable central bank and creating a central depository to make trading easier.

But as far as investors go, its getting a heck of a lot easier–and safer. The latest trend: Hefty dividends. Telecommunication company VimpelCom Ltd. (VIP), for instance, boosted its dividend today to 80 cents a share, a move that sent its shares skyrocketing up 3.2% in U.S. trading.

Source: Baron's

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