European economy is the biggest economy but not as big as the US economy. Global financial analysts are of the view that China will become the biggest global economy in the next 10 years. Based on this assumption, it has become a common perception that the US global hegemony will come to an end and China will be the global superpower. European dividend stocks pay higher returns as compared to the US dividend stocks. European economy is recovering from the downfall of the coronavirus pandemic but still it will take a while to reach the pre-COVID-19 level. Analysts are of the view that the economy of the European Union will not be able to reach the pre-COVID-19 level before 2023. It is because the pandemic forced closure of various businesses and hundreds and thousands of people lost their jobs which made it impossible for several people to make it through this tough time. The European continent is the first global economy which developed on agriculture as well as industrialization. If you keep reading this article, you will get an idea about the Top 5 European Dividend Stocks. The research and data have been compiled by Insider Monkey.
GlaxoSmithKline is a renowned European pharmaceutical company with a hedge fund investment amounting to $1.77 billion. At present, the stock price of the company is $37 with a dividend return of 5.50%. Glaxosmith is a multinational company with business operations in various countries around the globe. According to Head of North American at ViiV Healthcare, Lynn Baxter, “Today’s FDA approval of Cabenuva represents a shift in the way HIV is treated, offering people living with HIV a completely new approach to care.” Novartis is another pharmaceutical company with a total value of hedge funds amounting to $530 million. At present, the price of each dividend is $90 with a return rate of 3.73%. Novartis is a multinational company with operations in various countries. It formed a partnership with Pfizer and BioNtech to manufacture coronavirus vaccines. In a statement, Steffen Lang of Novartis Technical Operations is of the view that “Novartis has been mobilizing on multiple fronts to support the global pandemic response. We expect this to be the first of a number of such agreements.” We covered information about 2 companies in this article only. You can read about other popular dividend stocks at 14 Best European Dividend Stocks to Buy Now.