5 Communication Services Stocks that Pay Dividends

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1. National CineMedia, Inc. (NASDAQ: NCMI)

Number of Hedge Fund Holders: 11
Dividend Yield: 7.6%

National CineMedia, Inc. (NASDAQ: NCMI) operates through its subsidiary company, National CineMedia, LLC, to manage cinema advertising networks in North America. The company ranks 1st on our list of communication services stocks that pay dividends and engages in the sale of advertisement services to national, regional, and local businesses in Noovie, which is a cinema advertising pre-show broadcasted on movie screens.

Eric Wold, an analyst at B. Riley, this June raised the price target on shares of National CineMedia, Inc. (NASDAQ: NCMI). The analyst’s new target on the stock is $7, and he also reiterated a Buy rating on National CineMedia, Inc. (NASDAQ: NCMI) at the same time.

In the second quarter of 2021, National CineMedia, Inc. (NASDAQ: NCMI) had an EPS of -$0.28, missing estimates by $0.11. The company’s revenue was $14 million, up 250% year over year and beating the previous quarter’s revenue of $5.4 million.

By the end of the first quarter of 2021, 11 hedge funds out of the 866 tracked by Insider Monkey held stakes in National CineMedia, Inc. (NASDAQ: NCMI) worth roughly $14.6 million. This is compared to 11 hedge funds in the previous quarter with a total stake value of approximately $27.9 million.

See also 15 Best Undervalued Stocks to Buy Now and 10 Best Small Cap Stocks to Buy in 2021.

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