5 Best Telecom Dividend Stocks To Buy for 2022

3. SK Telecom Co.,Ltd (NYSE:SKM

Dividend Yield as of February 2: 7.12% 

Number of Hedge Fund Holders: 6

SK Telecom Co.,Ltd (NYSE:SKM) is Korea’s largest wireless operator, with approximately 45% market share. As of the third quarter of 2021, SK Telecom Co.,Ltd (NYSE:SKM) had 31.5 million mobile subscribers, 6.56 million high-speed internet customers, and 8.9 million pay-tv subscribers.

Aside from its telecom dominance in Korea, SK Telecom Co.,Ltd (NYSE:SKM) has been expanding its business to 5G, metaverse, AI, and digital infrastructure services. The South Korean wireless carrier launched “T Universe” in August 2021, a subscription-based service that allows customers of SK Telecom Co.,Ltd (NYSE:SKM) to access items and services from global retailers such as Amazon.com, Inc. (NASDAQ:AMZN), Starbucks Corporation (NASDAQ:SBUX), and Alphabet Inc. (NASDAQ:GOOG).

Apart from the telco’s subscribers, the T Universe platform service is available to approximately 50 million individuals in Korea as of November 2021. The company plans to achieve 36 million T Universe subscribers and KRW 8 trillion of the yearly gross merchandise value (GMV) by 2025.

SK Telecom Co.,Ltd (NYSE:SKM) launched Nugu, Korea’s first AI speaker, in December, in collaboration with Amazon.com, Inc.’s (NASDAQ:AMZN) Alexa.

According to the hedge funds tracked by Insider Monkey in Q3 2021, 6 elite funds reported owning stakes in SK Telecom Co.,Ltd (NYSE:SKM), totaling $108 million. Oldfield Partners held the largest stake in SK Telecom Co.,Ltd (NYSE:SKM) during Q3 2021, owning 1.92 million shares worth $58 million.