52 shares of Fortum Oyj (FUM1V) were added to the dividend machine.
The dollar is nowadays quite expensive so I was looking for European dividend stocks. After reading this nice article I decided to (also) invest in Fortum, a Finnish energy company. I bought 52 shares for € 20.60 per share, including transaction fees.
Fortum currently pays an annual dividend of € 1.30, so the gross yield equals 6.31%
After deduction of 30% Finnish dividend withholding tax the net dividend equals €0.91 per share. For 2015 Fortum is expected to contribute € 47,32 to the dividend machine. kiitos !
Foto Credit : Fortum Corporation