Friday, July 27, 2012

China Mobile (CHT)

English: Third generation mobile phones (TD-SC...English: Third generation mobile phones (TD-SCDMA) for China Mobile (Dalian, China) (Photo credit: Wikipedia)This post if for those of you interested in international diversification.   You've heard the old phrase "trust no man" (or woman for that matter.)  Well in this case, you cannot trust foreign accounting; you can barely trust U.S. accounting.  However, with that disclosure in mind, those of you who would like to add a little international diversification to your income portfolios consider China Mobile (CHT.)

CHL is reported to have increasing earnings with their most recent report at $6.20 American.  They pay out $2.25 dividend.  The yield at today's price of about $57.60 is 3.9%.  Their D/E is reportedly a very tolerable .30.

I have owned this company for some time and the dividend moves around with currency issues but I have made some additional money on calls.  Here is one I'm taking today.

Have a great weekend.  Another dividend machine next week.

Very Truly Yours,

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