April 29 is the big day, the day that Prince William will be marrying Kate Middleton at Westminster Abbey. The wedding is expected to boost the British economy to the tune of more than $1 billion. If you enter Royal Wedding Vacations into Google (GOOG), you will get 1,190,000 results.
Many of the publicly traded stocks based in the United Kingdom should benefit from the biggest influx of money into England since the Beatles. Plus, many of these stocks pay decent dividends. According to WallStreetNewsNetwork.com, there are over 15 British stocks with yields of 2.5% or more.
As an example, Intercontinental Hotels Group plc (IHG), based in Denham, UK, operates 64 hotels just in the London area alone. The stock trades at 15.8 times forward earnings and pays a nice yield of 3.1%. Avondale recently initiated coverage on the company a few months ago, rating it Market Outperform.
Many will be toasting with Diageo plc (DEO) products. This is the company that makes Johnnie Walker scotch, Smirnoff vodka, Baileys Original Irish Cream, Captain Morgan rum, Jose Cuervo tequila, Tanqueray gin, Guinness stout, and various wine products including Blossom Hill, Sterling Vineyards, Beaulieu Vineyard, Chalone Vineyard. The stock has a forward price to earnings ratio of 13.4 and sports a yield of 2.6%.
Of course, many eyeballs will be looking at television screens for the next month, capturing every bit of gossip and news about the upcoming nuptials. So British Sky Broadcasting Group plc (BSYBY.PK) (BSY.L) should be a major beneficiary. The stock trades at 14 times forward earnings and yields 2.6%.
To see a list of all the top yielding British stocks, that can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.
Disclosure: Author did not own any of the above at the time the article was written.