Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. He started the firm in 1974 and manages multiple portfolios including U.S. Equity and Global Equity. Here is a look at his holdings with high yields.
Mobile TeleSystems PJSCÂ (MBT)
Brandes holds 949,399 shares of Mobile TeleSystems PJSC – 0.10% of his total assets. He bought 19,440 shares in the second quarter of 2014, and this quarter he increased his stake by 10.54%.
Mobile TeleSystems has a market cap of $6.55 billion, and the company provides telecommunications services including voice and data transmission, Internet access, pay TV and various value-added services through wireless and fixed lines as well as selling equipment and accessories.
The stock offers a dividend payout ratio of 81%, a growth rate of 3.90% over the last five years and a dividend yield of 12.5%. Its dividend growth rates over the past five years and three years are 3.90% and 13.00%.
Mobile TeleSystems also has the following five-year growth rates: 4.70% for revenue, 5.40% EBITDA and 10.80% for book value.
Energy Company of Parana (ELP)
Brandes holds 5,199,566 shares of Energy Company of Parana – 0.65% of his total assets. It has a long-term position in his portfolio; this quarter he increased his stake by 5.83%.
Energy Company of Parana has a market cap of $1.89 billion and is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian state of Parana, pursuant to concessions granted by the Brazilian regulatory agency for the electricity sector, ANEEL.
The stock offers a dividend payout ratio of 58% and a dividend yield of 11.86%. Its dividend growth rate over the past five years did not change and is 96.60% over the last three years.
Energy Company of Parana also has the following five-year growth rates: 15.20% for revenue, 6.40% for EBITDA and 5.10% for book value.
Grupo Aval Acciones y Valores SAÂ (AVAL)
Brandes holds 7,990,147 shares of Grupo Aval Acciones y Valores SA – 0.95% of his total assets. The position was established in the third quarter of 2014; in the first quarter, it was increased by 171.13%. This quarter it saw a minor increase of 0.05%.
Grupo Aval Acciones y Valores SA has a market cap of $6.8 billion. It provides financial services and products ranging from traditional banking services, such as making loans and taking deposits, to pension and severance fund management. Its operations in Colombia currently consist of four commercial banks.
The stock offers a dividend payout ratio of 70% and a dividend yield of 11.75%. Its dividend growth rates over the past five years and three years did not change.
Energy XXI Ltd. (EXXI)
Brandes holds 10,794 shares of Energy XXI Ltd., and it was a new stock in his portfolio in the first quarter. This quarter he reduced his stake by 6.24%.
Energy XXI Ltd. has a market cap of $120.61 million; its properties are located in the United States' Gulf of Mexico waters and the Gulf Coast onshore.
The stock offers a dividend payout ratio of 75% and a dividend yield of 11.02%. Its dividend growth rate over the past five years did not change and is 54.90% over the last three years.
Energy XXI also has the following five-year growth rates: 4.50% for revenue. EBITDA and book value did not change.
Telefonica Brasil SAÂ (VIV)
Brandes holds 11,902,236 shares of Telefonica Brasil – 1.63% of his total assets. It has had a long-term position in his portfolio since 2010. This quarter he reduced his stake by 0.31%.
Telefonica Brasil has a market cap of $16.2 billion. It provides fixed-line telecommunications services in the state of Sao Paulo under concession agreements granted by the Brazilian government in connection with the restructuring and privatization of the Telebras System.
The stock offers a dividend payout ratio of 69% and a dividend yield of 9.27%. Its dividend growth rate over the past five years did not change, and it has a negative rate of 21.30% over the last three years.
Telefonica Brasil also has the following five-year growth rates: 13.60% for book value and negative rates of 0.20% for revenue and 4.30% for EBITDA.
Nortel Inversora SAÂ (NTL)
Brandes holds 419,708 shares of Nortel Inversora – 0.11% of his total assets. The position was established in the first quarter of 2010; this quarter he reduced his stake by 0.65%.
Nortel Inversora has a market cap of $2.2 billion; it was organized by a consortium of Argentina and international investors to acquire a controlling interest in the common stock of Telecom Argentina which was formed as a result of the privatization of the public telecommunication services under the name of Sociedad Licenciataria Norte S.A.
The stock offers a dividend payout ratio of 37% and a dividend yield of 6.62%. Its dividend growth rate over the past five years and three years did not change.
Nortel Inversora also has the following five-year growth rates: 22.40% for revenue, 15.80% for EBITDA and 32.40% for book value.
