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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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groupe DanoneDividend yield: 2.8%

Finally, we come to French food and dairy products company Danone (PINK:DANOY). It’s hard to see how a yogurt company like Danone can be considered part of a “strategic industry” vital to France’s national interests, as former president Nicholas Sarkozy seemed to think (Sarkozy blocked its acquisition by Pepsi (NYSE:PEP) on these grounds).

But still, Danone is a fine consumer staples company with a strong presence in the fast-growing markets of Africa, Asia and Latin America. Plus, Danone ranks first or second in most regions in which it operates for both fresh dairy products and infant nutrition.

Given its perceived safety, Danone is a little more expensive than the other stocks reviewed, trading for nearly 17 times expected 2013 earnings. Still the company yields and attractive 2.8% in dividends and gives investors great backdoor access to several key emerging markets.

Disclosures: Sizemore Capital is long LVMUY, TEF, and VOD.

Article printed from InvestorPlace Media,

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