10 dividend stocks adviced by Van Lanschot Bank Part 2

A few days ago I coverred the the first 5 dividend stocks adviced by Van Lanschot Bank. In this article I will cover the 2nd 5 adviced stocks.

6. Bayer:

  • Dividend: €2,80
  • Yield: 4,68%
  • Payout ratio: 180%
  • 5 Yr Div Growth: +24%
  • Payout Frequency: yearly
  • P/E: 58,27
  • ROE: 2,32%
  • ROA: 2,48%
  • Current price vs. 52 weeks high: -39%

I already have Bayer in my portfolio. The stock price and EPS is under pressure as a result of a judgment by a court of first instance in the United States in connection with glyphosate / Roundup. The potential claims to be paid regarding Roundup is keeping the stock price of Bayer under pressure.

The market capitalisation of Bayer declined from €86B at the start of 2018 to €54B this year. After the judgement I decided to start initiate a position in Bayer. I don’t expect that the price will recover short term, but at a yield of 4,68% I don’t mind waiting for better times.

7. Intertrust:

  • Dividend: €0,65
  • Yield: 3,55%
  • Payout ratio: 65%
  • 5 Yr Div Growth: N/A (only 3 listed since 2015)
  • Payout Frequency: twice per year
  • P/E: 18,27
  • ROE: 12,17%
  • ROA: 4,89%
  • Current price vs. 52 weeks high: -2%

Intertrust is best known for its fiduciary services, which includes tax, trust, business management and outsourcing processes. It is the largest trust office in the Netherlands, measured by number of shell corporations managed. So a lot of tax is avoided optimalized by services of this company.

There is a steady demand for the services of Intertrust and they service 50% of the fortune global 500 companies.

8. Ahold Delhaize:

  • Dividend: €0,70
  • Yield: 3,50%
  • Payout ratio: 45%
  • 5 Yr Div Growth: 46%
  • Payout Frequency: yearly
  • P/E: 12,96
  • ROE: 12,52%
  • ROA: 4,27%
  • Current price vs. 52 weeks high: -16%

Ahold Delhaize is based on supermarket marketshare the 4th supermarket of Europe and the 5th in the United states. Ahold Delhaize is operating over 6.500 stores and is also operating several eCommerc formats.

I’m myself a loyal customer of bol.com an online retailplatform owned by Ahold Delhaize. Just as many other retailers the price of Ahold Delhaize is often under pressure by fears of eCommerce hurting the sales.

9. HP Inc:

  • Dividend: $0,64
  • Yield: 3,07%
  • Payout ratio: 25%
  • 5 Yr Div Growth: 143%
  • Payout Frequency: quarterly
  • P/E: 8,59
  • ROE: n/a%
  • ROA: 8,28%
  • Current price vs. 52 weeks high: -22%

At position 9 it’s the first American company on the list of Van Lanschot Bank. Van Lanschot is advicing HP for it’s strong position in the high-end printer technologie.

10. Roche:

  • Dividend: CHF 8,70
  • Yield: 3,21%
  • Payout ratio: 71%
  • 5 Yr Div Growth: 9%
  • Payout Frequency: yearly
  • P/E: 21,52
  • ROE: 36,6%
  • ROA: 15,22%
  • Current price vs. 52 weeks high: -7%

Roche is a pharma giant with a strong position in the market. The ROE they are able to earn on their equity is very impressive.

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