BMWBayerische Motoren Werke AG (OTC: BMWYY), is a German multinational automotive company that produces passenger and commercial vehicles. American investors will be familiar with this brand through its abbreviated name, BMW.

For alternative investors, BMW is a compelling stock. While the price is roughly double that of a typical ‘bargain’ stock on today’s market, the reliable dividend and income that it creates helps to keep this pick competitive. BMW is ideal for alternative investors because the company is a major player in the electric vehicle market. While other traditional manufacturers are struggling to catch up with Tesla, BMW already produces several EV models, three of which are among the top-selling models in the U.S.

The company plans to expand its offering to 25 EVs by 2023. It will offer electric models in the general consumer and luxury price points. Company leadership expects EV sales to double in 2021.

BMW is well-established business, its 23.04% gross profit margin, and its consistent revenue growth in recent years make it a top alternative stock to consider this October. With a reliable dividend and a yield of 2.65%, it could boost any portfolio based on electric vehicles and alternative energy.

Key Data:

  • 1 Year Price Growth: 27%
  • YTD Price Growth: -10.95%
  • 3 Month Price Growth: 17%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.