A stock I have been following for a while, simply because of the HUGE dividend (32%) is YPF, the large Argentinean energy company.
YPF has a very interesting back story, as the government of Argentina recently took over the company. The Argentinean government is basically demanding YPF to use its earnings to develop the country instead of paying dividends to investors.
This fact, in addition to the current oil market, has driven down the stock price to the lowest it has been in 10 years. It is currently at $10.45 with a high EPS of 3.
Very interestingly enough Carlos Slim (wealthiest man in the world) acquired an 8.4% stake today.
Definitely worth taking a look at, and this announcement will most likely boost YPF’s price. Not sure how I feel about it yet. If you are looking for high yield with no government drama, albeit not as high a dividend, check out AGNC which I purchased recently and has done well for me.
