SNP: With a 7.31% Yield, It’s Time to Reconsider This Stock

Emerging markets have been getting pounded. Look no further than two representative ETFs for proof…
The iShares MSCI Emerging Markets ETF (NYSEARCA: EEM) is down more than 15% year-to-date.
And the iShares FTSE/Xinhua China 25 Index ETF (NYSEARCA: FXI) is down almost 24% over the same period.
These ETFs do pay dividends, 2% and 2.87% current yields, respectively, but there are stocks in emerging markets, and in China specifically, that have much bigger dividends, depressed share prices and big opportunities. And one particular Chinese oil company that we’ve singled out in the past looks particularly compelling. Namely, China Petroleum & Chemical Corporation (NYSE: SNP).
Last time, after we published our analysis, the stock price went from $71 to more than $94 per share… (more)

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