Stock Quotes in this Article: FMX, OMAB, TMX

 The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.

SAN FRANCISCO (Stockerblog) -- It is interesting to note that Mexico has a higher credit rating than the U.S. from Weiss Ratings, according to a report released a few months ago. In addition, the Bank of Mexico, the country's central bank, purchased 100 tons of gold earlier this year.


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    Mexico is one of the 12 largest economies in the world and is the ninth-largest holder of U.S. debt. With a growing economy and an expanding middle class, investors are taking a look at companies below the border. Many Mexico stocks pay dividends, and most of those trade on the New York Stock Exchange.

    One high-yield Mexican stock is Grupo Aeroportuario Centro Norte (OMAB), which participates in the growth of the travel industry by operating airports in the central and northern regions of Mexico. The stock, which trades on Nasdaq, has a 4.3% yieldvand a forward price to earnings ratio of 14.

    Telefonos de Mexico (TMX), also known as Telmex, pays a high dividend of 2.6%. The company, which owns 90% of the telephone lines in Mexico city, trades at 13 times forward earnings.

    Fomento Economico Mexicano (FMX) is a beverage distributor of Coca-Cola brands in Mexico along with several other Latin American countries including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil and Argentina. The stock sports a yield of 1.8% and sells for 16 times forward earnings.

    If you want to see a free list of all the major Mexico stocks that trade in the U.S., several of which have yields greater than 3%, visit The list can be downloaded, sorted, and updated.

    At the time of publication, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.