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) -- Accordng to Forbes , Mexican business tycoon Carlos Slim Helu is the richest man in the world, at least as of March of last year. He has an approximate net worth of $74.5 billion, more than $15 billion more than last year. Slim was born in Mexico City in 1940 to the son of a dry goods store owner.

Mexico has one of the fastest-growing economies in the world, with a growing middle class. The per-capital income has been rising, and inflation has been dropping over the last several years. Mexico is the ninth-largest holder of U.S. debt and is one of the 12 largest economies in the world.


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    Investors looking for investments in the birth country of Carlos Slim can find several Mexico stocks that pay dividends at, all but one of which trades on the New York Stock Exchange. One of Carlos Slim's stocks, Telefonos de Mexico (TMX), also known as Telmex, pays a high dividend of 4.4%. The company, which owns 90% of the telephone lines in Mexico city, trades at 12 times forward earnings.

    Fomento Economico Mexicano (FMX) is a beverage distributor of Coca-Cola brands in Mexico as well as Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil and Argentina. The stock sports a yield of 1.2% and sells for 19 times forward earnings.

    Another 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 3.8% yield and a forward price to earnings ratio of 22.

    To access a free list of all the major Mexico stocks that trade in the U.S., some of which have yields close to 5%, go to . The list can be sorted, updated, and downloaded.

    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.