The Dividend Daily

Adtran (ADTN) is quietly becoming a name that is piquing our interest. The company is holding up rather well in the face of further telecom sector consolidation. Adtran stock is actually up over 11% this year, and its dividend yield of 1.52% is more than adequate, considering tech names traditionally pay very small dividends. Analysts are beginning to get optimistic on growth prospects for the company's new product areas such as Ethernet access equipment. Adtran overcame their notoriously weak 1st quarter with Chief Executive Tom Stanton saying the momentum in the company's growth businesses overcame typical seasonality and a "tepid" enterprise spending environment. Adtran's sales of equipment used for broadband access boosted total revenue when they reported their earnings back in April. For now, we are still watching the company's progress, but another good quarter may warrant a "connection" to our "Recommended" list. Adtran (ADTN) is not recommended at this time, and currently holds a Dividend.com rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.

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