Dividends4Life: 2 Russian Dividend Stocks With High Risk-High Reward Potential

Dividend Growth Stocks News

The Russian ruble has lost over 30% to the U.S. dollar over the last six months. Falling oil prices and continued economic sanctions from the U.S. and Europe have weakened Russia's currency. With uncertainty and panic selling comes great opportunity. Winston Churchill famously said, "Never let a good crisis go to waste". It is time you take a look at these two Russian stocks with dividend yields over 10%. Both stocks are publicly traded in the U.S. and pay dividends in U.S. dollars. One has an eye-popping yield of 14.5%, while the other has a yield of over 11%. The two stocks below are not the low-risk, high quality businesses that are normally covered. Instead, they offer high potential returns and exceptional dividend yields, but come with serious risks.

CTC Media (CTCM) is one of Russia's leading television networks. The company's stock is currently yielding about 14.5%. You don't have to go hunting through the pink sheets to find information on CTC Media; the company's stock is publicly traded on Nasdaq. It is down nearly 65% for the year to date. Mobile Telesytems (MBT) is a Russian telecommunications provider focused on voice and data, Internet access, and pay TV. The company has a market cap of $6.4 billion. All of its operations occur in Russia and Ukraine. Mobile Telesystems' stock has taken a beating in recent months. In total Mobile Telesystems stock is down over 50% in just the last quarter. The precipitous decline in the company's stock has created in interesting opportunity for enterprising investors.

Source: The Street

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