In this article we will take a look at the 5 best telecom dividend stocks to buy now. You can skip our detailed analysis of these stocks and go directly to 10 Best Telecom Dividend Stocks to Buy Now.
5. China Telecom Corporation Limited (NYSE: CHA)
Dividend Yield: 6.1%
China Telecom Corporation Limited (NYSE: CHA) is a Beijing-based telecommunications company that is the largest fixed-line service and the third largest mobile telecommunication provider in China. The firm has a market cap of more than $27 billion and posted more than $60 billion in revenue in December 2020. The dividends of the firm have been steadily rising and reached more than 6% in 2020. The company is ranked fifth on our list of 10 best telecom dividend stocks
At the end of the fourth quarter of 2020, 5 hedge funds out of 887 in the Insider Monkey database held stakes in China Telecom, up from 3 out of 817 in Q3 2020. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies held the most shares – more than 609,000 – worth more than $16 million. LMR Partners was 2nd with 63,120 shares worth almost $1.7 million.
4. China Mobile Limited (NYSE: CHL)
Dividend Yield: 6.47%
China Mobile Limited (NYSE: CHL) is a state-owned Chinese telecommunications organization that provides voice and multimedia services in China and Hong Kong. The company has a market cap of more than $1 trillion and posted more than $114 billion in revenue in December 2019. In 2021, the average yield of the firm is 6.47%. The company pays out more than 47% of earnings out as dividend. China Mobile is thus ranked fourth on our list of 10 best telecom dividend stocks.
At the end of the fourth quarter of 2020, 13 hedge funds out of 887 in the Insider Monkey database held stakes in China Mobile, up from 10 out of 817 in Q3 2020. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies held the most shares – 6.8 million – worth more than $195 million. LMR Partners was 2nd with 1.05 million shares worth almost $30 million.
3. AT&T Inc. (NYSE: T)
Dividend Yield: 7.08%
AT&T Inc. (NYSE: T) is a Dallas-based multinational that is the world’s largest telecommunications company and the second largest provider of mobile telephone services. It has a market cap of more than $213 billion and posted more than $171 billion in revenue in December 2020. It has a four year average dividend yield of more than 6.3% and the yield has hovered around 5% for the last ten years. The firm is placed third on our list of 10 best telecom dividend stocks to buy.
At the end of the fourth quarter of 2020, 58 hedge funds out of 887 in the Insider Monkey database held stakes in AT&T, up from 51 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $1.04 billion, down from $1.15 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Los Angeles-based investment firm Leonard Green & Partners held the most shares – 18 million – worth more than $500 million. Citadel Investment Group was 2nd with 8.5 million shares worth almost $244 million.
2. Lumen Technologies, Inc. (NYSE: LUMN)
Dividend Yield: 8.08%
Lumen Technologies, Inc. (NYSE: LUMN) is a Louisiana-based telecom firm headquartered that offers communications, network services, security, cloud solutions, voice, and managed services. It has a market cap of more than $14 billion and posted more than $20 billion in revenue in December 2020. The firm has a four-year average dividend yield of 11.69% and the yield has hovered around 7% for the last ten years. The firm is ranked second on our list of 10 best telecom dividend stocks.
At the end of the fourth quarter of 2020, 29 hedge funds out of 887 in the Insider Monkey database held stakes in Lumen, down from 31 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $772 million, up from $762 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Memphis-based investment firm Southeastern Asset Management held the most shares – 65 million – worth more than $634 million. Millennium Management was 2nd with 2.8 million shares worth almost $27 million.
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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