Investors seeking to enhance their portfolio with high-yielding dividends should turn their attention to a well-covered large-cap Telecom stock that has just been added to the Best High Dividend Stocks model portfolio. This holding stands tall with a forward dividend yield of 7.98%, positioning itself in the top 20% of dividend stocks, notably higher than the Telecom industry average of 5.6%.
This isn’t just about yield; it also boasts an 18-year track record of dividend increases, ranking in the top 10% of its class.
With a beta of 0.35, this investment is a wise choice for diversification, as its monthly returns aren’t correlated to the equity markets.
Moreover, investors can anticipate the next payout of an estimated $0.653 per share on or around September 6.
While forming our recommendation, we’ve also factored in key growth drivers and financial performance discussed by the company’s management during its Q2 earnings call held on July 25, 2023.
For those seeking Yield Attractiveness, Dividend Safety, and considerable Returns Potential, the in-depth stock analysis that follows will serve as a comprehensive guide.