Overseas attraction

Susan Hely finds global stocks yielding more than 5%

Susan Hely

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HERE ARE FIVE SHARE picks from Stephen Thornber, manager of the Threadneedle Global Equity Income Fund, with yields of more than 5%:

Blackstone

Blackstone is the largest alternative asset manager in the world and is currently yielding 6%. Thornber believes it can grow by more than 10%pa for the next few years.

Enterprise Products

Enterprise Products is a US utility company that operates oil and gas pipelines and transfer and storage facilities. It has a yield of 5% and has increased its dividend every year for the past 13 years.

NagaCorp

NagaCorp is a Cambodian casino and entertainment operator and has a 40-year exclusive casino licence for the capital, Phnom Penh. It is trading at a discount to the Macau casinos and pays a 5.5% dividend.

Prosafe

Prosafe is the world’s leading operator of floating accommodation rigs for energy companies to house their staff and contractors. It has a yield of 5.8%.

Digi.com

Digi.com is the third largest mobile telecom company in Malaysia. It currently yields over 5% and Thornber expects its profits to grow by 20% to 25% this year.

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