5 Communication Services Stocks that Pay Dividends

3. Telephone and Data Systems, Inc. (NYSE: TDS)

Number of Hedge Fund Holders: 20
Dividend Yield: 3.5%

Telephone and Data Systems, Inc. (NYSE: TDS) is a communication services company offering telecommunications services in the US. The company works through its cellular, Wirelines, and Cable segments, and ranks 3rd on our list of communication services stocks that pay dividends.

This May, Citigroup analyst Michael Rollins raised his price target on shares of Telephone and Data Systems, Inc. (NYSE: TDS). The analyst’s new target on the stock is $29, with Rollins also reiterating a Buy rating on the stock at the same time.

In the second quarter of 2021, Telephone and Data Systems, Inc. (NYSE: TDS) had an EPS of $0.17, missing estimates by $0.04. The company’s revenue was $1.31 million, up 3.8% year over year and beating estimates by $4.64 million. Telephone and Data Systems, Inc. (NYSE: TDS) has gained 9.07% year to date.

By the end of the first quarter of 2021, 20 hedge funds out of the 866 tracked by Insider Monkey held stakes in Telephone and Data Systems, Inc. (NYSE: TDS) worth roughly $253 million. This is compared to 24 hedge funds in the previous quarter with a total stake value of approximately $210 million.