In the dynamic world of high dividend investing, a standout large-cap Telecom stock has made waves yet again, securing its position in the esteemed Best High Dividend Stocks model portfolio.
With a forward dividend yield of 6.92%, it eclipses the industry average of 5.6%, placing it in the upper echelon of high-yield investments. But it’s not just the yield that’s turning heads; this stock boasts an impressive 15+ year track record of dividend increases, signaling reliability and a promising future for income-focused investors.
What makes this stock particularly intriguing is its low correlation with broader equity markets, as indicated by its 0.40 beta. This characteristic offers a unique diversification opportunity for equity portfolios, balancing potential risks with steady returns. Additionally, the stock has comfortably beat this portfolio’s benchmark since making it to the list back in August 2023.
Upcoming, investors can anticipate a generous payout estimated at $0.665 per share.
The selection of this Telecom giant for the portfolio was no fluke. It’s the result of a meticulous process optimizing for Yield Attractiveness and Dividend Safety, with a nod to Returns Potential and Risk. While arriving at our recommendation, we’ve also factored in the growth drivers and financial results discussed by the company management during their Q3 2023 earnings call held on October 25, 2023.
This inclusion is more than just a headline; it’s a gateway to an in-depth analysis that follows, shedding light on why this stock is not just a dividend player but a strategic choice for the discerning investor. Stay tuned for an insightful journey into its financial landscape and investment potential.