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Mobile Telesystems one of the best juicy dividend payers in Russia
5/1/2013 7:49:00 AM
By: Emerging Money
Mobile Telesystems ( MBT , quote ) is one of the best dividend payers in Russia ( RSX , quote ), consistently above all others as the holding company parent at Sistema is run like a private equity firm and wants to keep paying out distributions to fund new businesses.
Owning the holding company has always proven to be an unclear road to getting paid however. Owning MBT has meant 4-6% dividend yields for the last few years. Yesterday they announced they are paying out $0.94 to bring 2012 yield to 4.8% on trailing basis. Stock responded up 2.9%