After some consideration I decided to postpone buying Allianz which was the first item on my shopping list. Few things contributed on this decision. First of all the tax refunding issues would make such investment a bit less ideal candidate. Secondly, Munich Re might be better candidate. Germany will just have to wait. I might pick something else from the european insurance sector.
Instead I moved on with the list and on October 9th bought 200 shares of TeliaSonera AB for 5,2050 EUR per share. Decent dividend expected for the next couple of years and most likely decades to follow. Very stable stock which can be a positive or negative thing depending on ones outlook. Previous dividend was 3.00 SEK and the company has specifically communicated that it shall target “to distribute an annual dividend of at least SEK 3 per share for the fiscal years 2014 and 2015″ (source).
Company profile from http://www.teliasonera.com/en/about-us/teliasonera-in-brief/:
TeliaSonera provides network access and telecommunication services that help people and companies communicate in an easy, efficient and environmentally friendly way.
International strength combined with local excellence is what makes us truly unique – and provides a world class customer experience, all the way from the Nordic countries to Nepal. This combination has brought groundbreaking 4G, a world class fibre network, and introduced 3G at Mount Everest.
We offer our services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain.
In May 2011 we united ourselves under one common symbol and identity. When you see this symbol, you will know that you are not only dealing with a local telecom operator – you are plugging into the world of TeliaSonera, a world filled with new and exciting possibilities
Founded in the 1850’s we are pioneers of the telecom industry, one of the inventors of mobile communications and founders of GSM. We are committed to continue to drive the information society and to constantly take our customers one step further. We have evolved from local operators into Europe’s fifth largest – in less than 20 years.
True to our heritage as telecommunication pioneers we continue to invest in high quality networks to meet the demand for bandwidth. Together with our partners and suppliers we will ensure that our customers have access to the best solutions available now and in the future. We will continue to focus relentlessly on ensuring a superior customer experience.
TeliaSonera. International strength combined with local excellence. At your service.