This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

4 High-Yield Emerging-Market Stocks

Stocks in this article: PBR TEO CIG HNP YPF

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

2. Companhia Energetica de Minas Gerais (CIG)

Yield: 6%

Brazil is one of the few countries in the world that is self-sufficient in oil, a leader in alternative energy and a major producer of commodities such as iron ore. The country offers particularly attractive investments in its commodities and infrastructure sectors.

Companhia Energetica de Minas Gerais (CEMIG) is one of Brazil's largest integrated electric utilities, with more than 6,896 megawatts of installed generation capacity. The company gets about 97% of its electricity from hydroelectric power. CEMIG is well-positioned to benefit from Brazil's increasing demand for electricity -- sales improved 9.0% in 2010 to 66,255 gigawatt-hours as a result of higher demand across all consumer categories.

CEMIG recently announced plans to participate in the construction of a gas pipeline connecting Sao Paulo and Uberaba. The pipeline will primarily serve an ammonia plant being built by Petrobras (PBR), the Brazilian oil giant. CEMIG distributes natural gas through a subsidiary, which serves the majority of Minas Gerais state.

CEMIG reported encouraging 2010 results with net income improving 6% year-over-year to $1.3 billion and 1.6% growth in total installed capacity. Cash flow improved 35% year-over-year to $2 billion and capital spending rose 15% to $1.5 billion. Management plans to spend about $1.3 billion on facility expansion and upgrades in 2011.

CEMIG has $1.8 billion in cash and pays a $1.10 dividend, which currently yields 5.7%. Debt is modest at about one-third of equity, and shares are affordable, trading at only 8.8 times projected 2011 earnings.

3 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,620.65 +263.78 1.52%
S&P 500 2,038.86 +25.97 1.29%
NASDAQ 4,709.3320 +65.02 1.40%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs