Market Cap: $15.4 billion
Dividend Yield: 10%
YTD Price Performance: -32%
VimpelCom (VIP), a sprawling Russian telecommunications company with more than 200 million mobile subscribers, is not having a good couple of years.
The Securities and Exchange Commission and Dutch authorities are investigating the company over alleged fraud in its Uzbekistan unit. Additionally, the telecom controlled by Russian billionaire Mikhail Fridman just wrote down the value of its Ukrainian business by $2 billion because of the political unrest there.
With all those troubles, the company posted a net loss of $1.4 billion on a 7% drop in sales for its full fiscal year. Don’t be surprised if this dividend stock falls further on more write-offs and dividend cuts in the near future.