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7 Top Global Dividend Stocks to Buy

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Dividend Stock #3 – Telkom Indonesia (TLK)

tlk 7 Top Global Dividend Stocks to BuyRecommended by: Richard Band, Editor, Profitable Investing

The mantra here is “free cash flow.” In recent years, Telkom Indonesia (NYSE: TLK), the dominant provider of both fixed-line and wireless communications in sprawling Indonesia, has poured huge sums into upgrading its networks. Now the company has the luxury of throttling back a bit.

Starting in 2011, each sales dollar (rupiah, actually) will generate more profit — along with a surge of cash that can be distributed to shareholders. I predict, in fact, that Indonesia’s largest telco will boost its dividend more than 30% by 2013 (from a 2010 base). That’s the kind of growth you want in retirement! Current yield, based on my estimate of 2011 dividends, is 4.8%. Buy TLK up to $36.


Article printed from InvestorPlace Media, http://investorplace.com/2011/04/global-high-dividend-stocks-cel-ch-tlk-iae-cpl-telny-sdrl/.

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