Europe's highest dividend payers, and the dynamic behind why they pay so much

Disclosure: I work at Obermatt, a Swiss equity research firm, sharing this because it's a useful angle for anyone building dividend income into a portfolio. Pulled the European stocks sitting at the very top of Obermatt's Dividend Yield rank, and what stood out wasn't the yields themselves, it was what these companies actually do. A carmaker, a fleet of oil-product tankers, a tobacco-distribution network covering most of Southern Europe, a water utility in the southwest of England. Mature, cash-