<p>對於更喜歡穩定現金流的投資者來説，高股息率股票總是很有吸引力。重點在於穩定的上漲和股息收入，而不是在成長股中看到的快速收益。然而，在某些情況或時機下，藍籌股息股票往往會表現優於成長股。原因可能是一個大行業或公司特定的催化劑。</p>
<p>此外，可能會出現這樣一種情況，即高股息率股票的交易存在顯著的估值差距，並且會出現較大漲幅。本專欄的重點是關注那些股價低於 20 美元的高股息率股票，在明年年底之前能夠實現 100% 的回報。</p>
<p>所討論的股票代表着具有強大基本面的公司。因此，估值差距是由於暫時的逆風。一旦情緒逆轉，這些藍籌股票就能像成長股一樣上漲。讓我們討論一下對這些高股息率股票持樂觀態度的業務特定原因。</p>
<h2>Aker BP ASA (AKRBF)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>來源: Golden Dayz / Shutterstock.com</p>
<p><strong>Aker BP ASA</strong>（OTCMKTS: <strong>AKRBF</strong>）是一家被低估的石油和天然氣勘探公司，具有強勁的股息率。隨着原油承壓，AKRBF 股票在過去 12 個月中保持橫盤。我預計這隻股息率為 9.97% 的股票將迎來強勁的突破。</p>
<p>推動大漲的第一個催化劑是未來 12 至 18 個月可能出現的降息。擴張性貨幣政策對大宗商品和能源等風險資產類別是積極的。此外，寬鬆的貨幣政策將支持 GDP 增長，石油需求可能會改善。</p>
<p>具體到公司，我對現金流潛力持樂觀態度。Aker BP 擁有低盈虧平衡資產，隨着油價走高，自由現金流將會增加。這家石油和天然氣公司已經擁有投資級資產負債表，槓桿率為 0.2。</p>
<p>強勁的自由現金流意味着積極的資本投資，加上更高的股息。我必須補充的是，Aker 過去通過吸引人的收購實現了增長。憑藉 66 億美元的流動性緩衝和強勁的資產負債表，進一步在挪威大陸架進行收購似乎是可能的。</p>
<h2>淡水河谷（VALE）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>來源: rafapress / Shutterstock.com</p>
<p>在我看來，<strong>淡水河谷</strong>（NYSE: <strong>VALE</strong>）是一個不錯的逆勢投資。VALE 股票一直處於低迷狀態，前瞻市盈率為 5.26。此外，超過 11% 的股息率是吸引人的，考慮到現金流潛力是可持續的。</p>
<p>工業大宗商品一直受到全球增長擔憂的困擾。這是 VALE 股票保持橫盤至下跌的一個關鍵原因。然而，全球擴張性政策在即，我預計未來 12 個月大宗商品將迎來一波上漲。淡水河谷是潛在受益者，股票可能會從極度超賣的水平突破。</p>
<p>從業務角度來看，淡水河谷在鐵礦石業務中報告了運營穩定性。2024 年第一季度的產量達到 2019 年以來的最高水平。這家大宗商品巨頭還在銅和鎳領域報告了健康的產量增長。</p>
<p>即使在相對低迷的大宗商品價格下，淡水河谷報告了 2024 年第一季度 35 億美元的調整後息税折舊前利潤。如果大宗商品價格走高，該公司將有望實現每年 180 至 200 億美元的息税折舊前利潤。因此，具有強勁現金流潛力的淡水河谷在當前水平具有吸引力。</p>
<h2>美國電話電報（T）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>來源: Jonathan Weiss / Shutterstock.com</p>
<p><strong>美國電話電報</strong>（NYSE: <strong>T</strong>）已經保持低迷相當長一段時間。以五年來下跌 27% 的 T 股票為例。然而，通信服務股票似乎已見底。前瞻市盈率為 8 的估值看起來很有吸引力，T 股票提供 6.29% 的股息率。</p>
<p>從業務和財務角度來看，有兩個關鍵的積極因素。首先，AT&amp;T 在 2018 年至 2022 年間在美國無線和有線網絡上投資了 1,400 億美元。這些投資正在帶來持續的用户增長。與此同時，每用户平均收入也在增加。</p>
<p>此外，AT&amp;T 一直在努力實現其財務目標。公司已重申到 2025 年將淨債務與調整後息税折舊前利潤比率控制在 2.5 倍。對於當前年度，AT&amp;T 預計自由現金流為 170 至 180 億美元。健康的現金流將確保穩定的股息和降低槓桿的空間。</p>
<p>_在本文發佈日期，Faisal Humayun 沒有持有（直接或間接）本文提到的證券中的任何頭寸。本文中表達的觀點屬於作者個人，受到 InvestorPlace.com 發佈指南的約束。</p>
<p>Faisal Humayun 是一位擁有 12 年信用研究、股票研究和財務建模經驗的高級研究分析師。Faisal 撰寫了 1500 多篇以技術、能源和大宗商品行業為重點的股票特定文章。</p>

美國電話電報

淡水河谷

<p>討論了在 2025 年有望翻倍的股價低於 20 美元的高股息股票。提到的股票包括 Aker BP ASA（AKRBF）、淡水河谷（VALE）和美國電話電報（T）。AKRBF 是一家被低估的石油和天然氣勘探公司，具有較高的股息收益率。VALE 可能受益於全球擴張性政策，並且已經報告了運營穩定。T 股票已觸底，並提供有吸引力的股息收益率。這些股票代表了具有強大基本面和暫時估值差距的公司</p>

<p>High-dividend yield stocks are always attractive for investors who prefer regular cash flows. The focus is on steady upside and dividend income than quick gains that are seen in growth stocks. However, there are situations or times whereblue-chip dividend stocks tend to outperform growth stocks. The reasons can be a big industry or company specificcatalyst.</p>
<div class="lb-trans"><p>對於更喜歡穩定現金流的投資者來説，高股息率股票總是很有吸引力。重點在於穩定的上漲和股息收入，而不是在成長股中看到的快速收益。然而，在某些情況或時機下，藍籌股息股票往往會表現優於成長股。原因可能是一個大行業或公司特定的催化劑。</p>
</div><p>Further, there can be a case where a high-dividend yield stock trades at a significant valuation gap and surges higher. The focus of this column is on high-dividend yield stocks under $20 that can deliver 100% returns before the end of next year.</p>
<div class="lb-trans"><p>此外，可能會出現這樣一種情況，即高股息率股票的交易存在顯著的估值差距，並且會出現較大漲幅。本專欄的重點是關注那些股價低於 20 美元的高股息率股票，在明年年底之前能夠實現 100% 的回報。</p>
</div><p>The stocks discussed represent companies with strong fundamentals. The valuation gap is therefore due to temporary headwinds. Once sentiments reverse, these blue-chip names can rally like growth stocks. Let’s discuss the business specific reasons for being bullish on these high-dividend yield ideas.</p>
<div class="lb-trans"><p>所討論的股票代表着具有強大基本面的公司。因此，估值差距是由於暫時的逆風。一旦情緒逆轉，這些藍籌股票就能像成長股一樣上漲。讓我們討論一下對這些高股息率股票持樂觀態度的業務特定原因。</p>
</div><h2>Aker BP ASA (AKRBF)</h2>
<div class="lb-trans"><h2>Aker BP ASA (AKRBF)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Golden Dayz / Shutterstock.com</p>
<div class="lb-trans"><p>來源: Golden Dayz / Shutterstock.com</p>
</div><p><strong>Aker BP ASA</strong> (OTCMKTS: <strong>AKRBF</strong>) is an undervalued oil &amp; gas exploration company with a robust dividend yield. With crude under pressure, AKRBF stock has remained sideways in the last 12 months. I expect a strong breakout for this 9.97% dividend yield stock.</p>
<div class="lb-trans"><p><strong>Aker BP ASA</strong>（OTCMKTS: <strong>AKRBF</strong>）是一家被低估的石油和天然氣勘探公司，具有強勁的股息率。隨着原油承壓，AKRBF 股票在過去 12 個月中保持橫盤。我預計這隻股息率為 9.97% 的股票將迎來強勁的突破。</p>
</div><p>The first catalyst for a big rally is potential rate cuts due in the next 12 to 18 months. Expansionary monetary policies are positive for risky asset classes like commodities and energy. Further, easy money will support GDP growth and the demand for oil is likely to improve.</p>
<div class="lb-trans"><p>推動大漲的第一個催化劑是未來 12 至 18 個月可能出現的降息。擴張性貨幣政策對大宗商品和能源等風險資產類別是積極的。此外，寬鬆的貨幣政策將支持 GDP 增長，石油需求可能會改善。</p>
</div><p>Specific to the company, I am bullish on the cash flow potential. Aker BP has low breakeven assets and as oil trends higher, free cash flows will swell. The oil &amp; gas company already has an investment-grade balance sheet with a leverage ratio of 0.2.</p>
<div class="lb-trans"><p>具體到公司，我對現金流潛力持樂觀態度。Aker BP 擁有低盈虧平衡資產，隨着油價走高，自由現金流將會增加。這家石油和天然氣公司已經擁有投資級資產負債表，槓桿率為 0.2。</p>
</div><p>Robust free cash flows would imply aggressive capital investments coupled with higher dividends. I must add that Aker has grown in the past through attractive acquisitions. With a liquidity buffer of $6.6 billion and a strong balance sheet, further acquisitions in the Norwegian Continental Shelf seem likely.</p>
<div class="lb-trans"><p>強勁的自由現金流意味着積極的資本投資，加上更高的股息。我必須補充的是，Aker 過去通過吸引人的收購實現了增長。憑藉 66 億美元的流動性緩衝和強勁的資產負債表，進一步在挪威大陸架進行收購似乎是可能的。</p>
</div><h2>Vale (VALE)</h2>
<div class="lb-trans"><h2>淡水河谷（VALE）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: rafapress / Shutterstock.com</p>
<div class="lb-trans"><p>來源: rafapress / Shutterstock.com</p>
</div><p>In my view, <strong>Vale</strong> (NYSE: <strong>VALE</strong>) is a good contrarian play. VALE stock has been depressed and trades at a forward P/E of 5.26. Further, a dividend yield of above 11% is attractive and sustainable considering the cash flow potential.</p>
<div class="lb-trans"><p>在我看來，<strong>淡水河谷</strong>（NYSE: <strong>VALE</strong>）是一個不錯的逆勢投資。VALE 股票一直處於低迷狀態，前瞻市盈率為 5.26。此外，超過 11% 的股息率是吸引人的，考慮到現金流潛力是可持續的。</p>
</div><p>Industrial commodities have been struggling with global growth concerns. That’s a key reason for VALE stock remaining sideways to lower. However, global expansionary policies are on the cards and I expect a good rally for commodities in the next 12 months. Vale is a potential beneficiary, and the stock can break out from deeply oversold levels.</p>
<div class="lb-trans"><p>工業大宗商品一直受到全球增長擔憂的困擾。這是 VALE 股票保持橫盤至下跌的一個關鍵原因。然而，全球擴張性政策在即，我預計未來 12 個月大宗商品將迎來一波上漲。淡水河谷是潛在受益者，股票可能會從極度超賣的水平突破。</p>
</div><p>From a business perspective, Vale has reported operational stability in the iron ore business. Production for Q1 2024 reached the highest level since 2019. The commodity major also reported healthy production growth in the copper and nickel segments.</p>
<div class="lb-trans"><p>從業務角度來看，淡水河谷在鐵礦石業務中報告了運營穩定性。2024 年第一季度的產量達到 2019 年以來的最高水平。這家大宗商品巨頭還在銅和鎳領域報告了健康的產量增長。</p>
</div><p>Even with relatively depressed commodity prices, Vale reported adjusted EBITDA of $3.5 billion for Q1. If commodities trend higher, the company will be positioned to deliver an annual EBITDA of $18 to $20 billion. Therefore, with robust cash flow potential, Vale is attractive at current levels.</p>
<div class="lb-trans"><p>即使在相對低迷的大宗商品價格下，淡水河谷報告了 2024 年第一季度 35 億美元的調整後息税折舊前利潤。如果大宗商品價格走高，該公司將有望實現每年 180 至 200 億美元的息税折舊前利潤。因此，具有強勁現金流潛力的淡水河谷在當前水平具有吸引力。</p>
</div><h2>AT&amp;T (T)</h2>
<div class="lb-trans"><h2>美國電話電報（T）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Jonathan Weiss / Shutterstock.com</p>
<div class="lb-trans"><p>來源: Jonathan Weiss / Shutterstock.com</p>
</div><p><strong>AT&amp;T</strong> (NYSE: <strong>T</strong>) has remained subdued for an extended period. To put things into perspective, T stock has declined by 27% in the last five years. It however seems that the communication services stock has bottomed. Valuations look attractive at a forward P/E of 8 and T stock offers a dividend yield of 6.29%.</p>
<div class="lb-trans"><p><strong>美國電話電報</strong>（NYSE: <strong>T</strong>）已經保持低迷相當長一段時間。以五年來下跌 27% 的 T 股票為例。然而，通信服務股票似乎已見底。前瞻市盈率為 8 的估值看起來很有吸引力，T 股票提供 6.29% 的股息率。</p>
</div><p>From a business and financial perspective, there are two key positives. First, AT&amp;T has invested $140 billion in the U.S. wireless and wireline network between 2018 and 2022. These investments are delivering sustained subscriber base growth. At the same time, the average revenue per user has increased.</p>
<div class="lb-trans"><p>從業務和財務角度來看，有兩個關鍵的積極因素。首先，AT&amp;T 在 2018 年至 2022 年間在美國無線和有線網絡上投資了 1,400 億美元。這些投資正在帶來持續的用户增長。與此同時，每用户平均收入也在增加。</p>
</div><p>Further, AT&amp;T has remained on track to achieve its financial goals. The company has reaffirmed its guidance of net debt-to-adjusted EBITDA of 2.5x by 2025. For the current year, AT&amp;T has guided for free cash flow of $17 to $18 billion. Healthy cash flows will ensure steady dividends and the headroom to deleverage.</p>
<div class="lb-trans"><p>此外，AT&amp;T 一直在努力實現其財務目標。公司已重申到 2025 年將淨債務與調整後息税折舊前利潤比率控制在 2.5 倍。對於當前年度，AT&amp;T 預計自由現金流為 170 至 180 億美元。健康的現金流將確保穩定的股息和降低槓桿的空間。</p>
</div><p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p>_在本文發佈日期，Faisal Humayun 沒有持有（直接或間接）本文提到的證券中的任何頭寸。本文中表達的觀點屬於作者個人，受到 InvestorPlace.com 發佈指南的約束。</p>
</div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p>
<div class="lb-trans"><p>Faisal Humayun 是一位擁有 12 年信用研究、股票研究和財務建模經驗的高級研究分析師。Faisal 撰寫了 1500 多篇以技術、能源和大宗商品行業為重點的股票特定文章。</p>
</div>

3 只股息收益率高於 20 美元的股票可能在 2025 年翻倍