Passive income: Turkey's refinery group Tüpraş offers 12 percent return

When people talk about dividend stocks, many think of Coca-Cola , Altria , or Allianz . (We examined all of them in more detail a while ago as part of the Dividend Radar: Coca-Cola here , Altria here , and Allianz here .) But those specifically seeking double-digit returns sometimes have to rethink their geography. Turkey, for example, offers an exceptional candidate: Tüpraş (Türkiye Petrol Rafinerileri A.Ş.). The company is by far the country's largest refinery and is considered one of the most consistent dividend payers on the Bosporus.

After highlighting dividend king Stanley Black & Decker last week, we'd like to turn our attention to Tüpraş this time. For risk-tolerant investors with an affinity for emerging markets, the stock currently offers one of the most attractive return opportunities worldwide – with a recent dividend yield of around 12 percent.

wallstreetONLINE Editorial Team

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