5 Best Telecom Dividend Stocks To Buy for 2022

2. Orange SA (NYSE:ORAN) 

Dividend Yield as of February 2: 7.99% 

Number of Hedge Fund Holders: 3

Orange SA (NYSE:ORAN) is a French mobile telecommunications company that provides data, voice, and broadband services to over 220 million mobile customers and over 44.7 million fixed-line clients as of October 2021. Orange SA (NYSE:ORAN) also operates a mobile financial segment that serves over 1.6 million European and 600,000 African clients. 

Orange SA (NYSE:ORAN) is one of France’s and Spain’s leading passive mobile infrastructure operators, with over 26,000 cell sites as of November 2021. Orange SA (NYSE:ORAN) shares rose 3.4% on January 27 following news of a possible merger of its mobile towers with Germany-based telecom firm Deutsche Telekom AG (OTC:DTEGY) and UK-based telecom company Vodafone Group Public Limited Company (NASDAQ:VOD).

Hedge funds are becoming more bullish on Orange SA (NYSE:ORAN) with its fast-growing business. Arrowstreet Capital, the telecom company’s largest shareholder, increased its stake in Orange SA (NYSE:ORAN) by 26% at the end of Q3 2021, bringing its total holdings to 1,064,347 shares worth $11.5 million.