Sanofi
This is another top pharmaceutical company in Europe trading at very reasonable levels. Sanofi S.A. (NYSE: SNY) engages in the research, development, manufacture and marketing of therapeutic solutions in the United States, Europe and elsewhere.
The company provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseases, oncology and rare blood disorders; medicines for diabetes; and cardiovascular and established prescription products. It also supplies poliomyelitis, pertussis and hib pediatric vaccines, as well as influenza, adult booster, meningitis and travel and endemic vaccines.
In addition, Sanofi offers allergy, cough and cold, pain, digestive and nutritional products. Other products included daily body lotions, anti-itch products, moisturizing and soothing lotions, and body and foot creams, as well as powders for eczema. It also has various pharmaceutical products and vaccines in the development stage.
Investors receive a 2.51% dividend. BofA Securities has set a $69 price target. The consensus target for Sanofi stock is $70.75, and the last trade to hit the tape Wednesday came in at $50.23.
These five top European stocks that trade on American exchanges have liquidity and all pay very dependable dividends, and in some cases large ones. Plus, all five are well situated for investors during what could be a long and brutal bear market, as demand for the products they sell rarely drops, even when prices increase.
One caveat for investors in the United States is that many foreign governments automatically withhold taxes on dividends paid by companies incorporated within their borders. This means that a certain percentage of your dividend may be withheld by your broker.
Originally posted at 24/7 Wall St.
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