Time to get on Nokia Corp NOK: lovely dividends, n.1 in China and India. What do we want more? March 26, 2006Posted by deminvest in growth stock, investment, Single stocks, stock I own, stocks, stocks that pay high dividends.
I don’t know how Nokia has arrived to be interesting for proletarians. But somehow it managed to deliver the juicy dividends we do need: 2.20%. The Payout ratio is not gorgeous (45% is a bit too high), but earnings are expected to grow, making it more comfortable.
Nokia has no debt, comfortable 11 B. of Cash, revenue growth 12,70%. Earnings are also supposed to grow, so that today’s 20.57 P/E should arrive to a lovely cheap 15.54% next year. It’s a buy. I am placing the usual order at any price for 1000$ worth of Nokia tomorrow morning.
Good Night and Good Luck fellow proletarians! Oh I forgot to tell you that we, the people, do know what Nokia does; we do know that their phones usually work a bit better than others, so we can be pretty comfortable with them. Can’t we?