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5 Tempting French Dividend Stocks

Say 'bonjour' to these income plays as the eurozone gets on track

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Total S.A. (NYSE:TOT)Dividend yield: 5.4%

I’ll start with French oil major Total (NYSE:TOT). Total is one of the largest integrated energy companies in Europe with more than 11 billion barrels of proven reserves.

The company also owns interests in 20 refineries scattered across Europe, the United States, China and the French-speaking regions of Africa and the Caribbean and operates a network of nearly 15,000 gas stations.

Total is a globally-diversified energy firm trading at a very reasonable price of 7 times expected 2013 profits, and it yields a handsome 5.4% in dividends.

I expect energy prices to stay relatively firm given the massive amount of monetary stimulus in play. But even if I am wrong, Total is priced attractively enough to absorb any sustained weakness in energy prices.

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