Accordng to Forbes Magazine, the chairman and CEO of Telefonos de Mexico (TMX)
and América Móvil (AMX), Carlos Slim Helu, is the richest man in the world, at
least as of March of last year. He has an approximate net worth of 74.5 billion
dollars now, more than $15 billion more than last year. Slim was born in Mexico
City in 1940 to the son of a dry goods store owner. Mexico has one of the
fastest growing economies in the world, with a growing middle class. The
per-capital income has been rising, and inflation has been dropping over the
last several years. Mexico is the 9th largest holder of US debt, and is one of
the twelve largest economies in the world. Investors looking for investments in
the birth country of Carlos Slim can find several Mexico stocks that pay
dividends , all but one of which trades on the New York Stock Exchange,
according to WallStreetNewsNetwork.com. One of Carlos Slim's stocks, Telefonos
de Mexico (TMX), also known as Telmex, pays a high dividend of 4.4%. The
company, which owns 90 percent of the telephone lines in Mexico city, trades at
12 times forward earnings. Fomento Economico Mexicano (FMX) is a beverage
distributor of Coca Cola brands in Mexico along with several other Latin
American countries including Guatemala, Nicaragua, Costa Rica, Panama, Colombia,
Venezuela, Brazil, and Argentina. The stock sports a yield of 1.2% and sells for
19 times forward earnings. Another high yield Mexican stock is Grupo
Aeroportuario Centro Norte (OMAB), which participates in the growth of the
travel industry by operating airports in the central and northern regions of
Mexico. The stock, which trades on NASDAQ, has a 3.8% yield, and a forward price
to earnings ratio of 22. To access a free list of all the major Mexico stocks
that trade in the US, some of which have yields close to 5%, go to
WallStreetNewsNetwork.com. The list can be sorted, updated, and downloaded.
Disclosure: Author did not own any of the above at the time the article was
written. By Stockerblog.com
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