SAP
This is a top way to invest in the booming software segment. SAP S.E. (NYSE: SAP) provides enterprise application software products worldwide.
The company’s SAP S/4HANA offers software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development. SAP SuccessFactors offers solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics. Its spend management solutions cover direct and indirect spend, travel and expense and external workforce management.
The company also provides SAP customer experience solutions; SAP Business Technology platform, which enables customers and partners to build, integrate and extend applications in a cloud-native way; and SAP Business Network, which enables companies to collaborate with trading partners for supply chain visibility.
In addition, SAP Signavio helps customers to scan their operations to understand and improve their business process landscape. SAP’s industry cloud solutions provide modular solutions addressing industry-specific functions and sustainability-related solutions.
Shareholders receive a 1.76% dividend. SAP stock has a $176 target price at Sanford Bernstein. The consensus target is $153.03, and Thursday’s closing share price was $127.95.
TotalEnergies
This French integrated giant is another great way to play an energy rally from the European side. TotalEnergies S.E. (NYSE: TTE) operates as an integrated oil and gas company worldwide. Its Exploration & Production segment engages in oil and natural gas exploration and production activities in approximately 50 countries.
The Integrated Gas, Renewables & Power segment engages in the LNG production, shipping, trading and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.
The Refining & Chemicals segment refines petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment also engages in trading and shipping crude oil and petroleum products.
The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG and bitumen; and provides fuel payment solutions. It operates approximately 15,500 service stations.
Investors receive a 4.68% dividend. The BofA Securities price target is $83, while the consensus target is just $73.22. TotalEnergies stock closed at $66.84 on Thursday.
These six top European companies that trade on American exchanges have liquidity and all pay very dependable dividends. One caveat for U.S. investors is that many foreign governments automatically withhold taxes on dividends paid by companies incorporated within their borders. For most taxable accounts this means that a certain percentage of your dividend will be withheld by your broker.
Originally published at 24/7 Wall St.
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