Veolia Environ (EPA: VIE) is a French multinational corporation that operates in the field of environmental services, with specific focus in waste management, water management, and energy. It was founded way back in 1853 in Paris, France, as a water supply company before ultimately changing its name to Veolia in 2003. The stock trades on the EuroNext stock exchange which is currently the largest European stock exchange by market cap, and is valued in euros. Its current price level of 22 Euros, is the equivalent of approximately $ 26 USD per share
The Bullish Case: Veolia is at the center of environmental sustainability in France, and is leading the charge to fight climate change and help find ways of eliminating plastic waste. Veolia operates on four pillars of sustainability: protecting biodiversity, finding solutions to plastic pollution, recovering wastewater, and innovating for resilience. The company has its hands in multiple different industries, including paper production, water production, oil and gas, mining, pharmaceuticals, and electric vehicles, just to name a few.
Final Verdict on Veolia: Another rock solid company to add to your portfolio, especially if you are interested in a stock that will steadily compound over time as the healthy dividend continues to get reinvested into new shares. The world will always need water and power, and is constantly looking for new ways and technologies to reduce pollution, and create a healthier global environment for decades to come.