This list of 11 stocks is from a SeekingAlpha article entitled 12 Quality Multinational Dividend Stocks to Combat the Current Economic Situation, written on August 8, 2011, by Dividends4Life.
The valuations below were done after the market close on August 8, 2011
At that time the following were priced at:
S&P 500 1,119.46
VIX 48.00
AZN AstraZenica PLC - #2 overall stock of this group and second in both SSR and Days Earning. RVI's are at their lows as the stock is at the bottom of its trading range. The P/E's are low and we would take the near date or furthest date trade. The mid date costs too much in our view as we are looking for more sideways trading the upside at this time. We took a position in AZN late late last week. Liked it then, love it now.
CL Colgate-Palmolive Company - RVI's are mid to high. The stock has held up well in the current turmoil. We took a position in CL today.
CNI Canadman National Railway Company - #1 overall stock in this group and first in both SSR and Days Earning - RVI's a mid and the dividend will be paid in early September. We took a position in CNI today.
COP ConocoPhillips - RVI's are low to high with very low P/E's. We took a position in COP today.
CVX Chevron Corp. - #4 stock overall in this group and forth in SSR and Days Earning. RVI's are mid-high. The dividend is due to be paid this month.
JNJ Johnson & Johnson - RVI's are mid and the P/E's are attractive. The ex-dividend date is later this month. Without the dividend the September date days earning is 0.062% versus 0.085% with the dividend. Another quality stock that was not too badly treated by the market. We took a position in JNJ late late last week. Liked it then, love it now.
KO The Coca-Cola Company Common - RVI's are mid high to high. We have owned KO for a while and continue to like the stock. The dividend pays mid September.
MCD McDonald's Corp - We took a position in MCD late late last week. Liked it then, love it now. RVI's are mid high, the ed date for the dividend is later this month, as with nearly all these stocks the near term/immediate volatility pricing in the option overwealms the dividend componant of the next expri date options pricing.
PG The Procter & Gamble Company - QC fell apart here as the 52-week high is actually $67.72. This input error in not significant as the RVI's are very low and the P/E's are attractive. We took a position in PG late late last week. Liked it then, love it now.
TEF Telefonica SA Common - #3 over stock in this group and third in both SSR and Days Earning. RVI's are at rock bottom, P/E's are below 8. We like TEF at this price and took a position in it today.
XOM Exxon Mobil Corp - #5 overalls stock in this group and fifth in SSR and Days Earning. XOM pays a dividend within a week and has two option dates this month, one on the 10th and the other on the 19th. We only priced the later date but like the idea of selling the near date and rolling it into the further date for the month after expri.
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