5 Best Telecom Dividend Stocks to Buy Now

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1. Telefónica, S.A. (NYSE: TEF)

Dividend Yield: 9.97%

Telefónica, S.A. (NYSE: TEF) is a Madrid-based telecom provider with interests in fixed and mobile telephony, broadband and subscription television. It operates in Europe and the Americas. The company has a market cap of more than $24 billion and posted more than $50 billion in revenue in December 2020. It has an four year average dividend yield of over 6% and the yield has stayed above 5% for the last ten years. It is ranked first on our list of 10 best telecom dividend stocks. 

At the end of the fourth quarter of 2020, 8 hedge funds out of 887 in the Insider Monkey database held stakes in Telefonica, down from 13 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $9.9 million, up from $9.6 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group held the most shares – 1.7 million – worth more than $6.9 million. Arrowstreet Capital was 2nd with almost 549,000 shares worth almost $2.2 million.

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