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6.6% Yield Telecommunication Giant Reaffirmed in Best High-Yield Dividend Stocks Model Portfolio

We all know the world is getting evermore connected. Cloud computing, wireless communication and high-speed internet are all must-haves for modern society to run efficiently. For those gatekeepers and network operators, like our latest Best High-Yield Dividend Stocks Model Portfolio pick, the rewards are great. Investors can share in those rewards by buying our pick before it goes ex-dividend on Monday, January 9, with a regular quarterly payout of $0.65 per share.

You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.

Our pick is one of the largest operators of the wireless spectrum in North America. Given the “required” nature of telecommunication access, our pick has long been blessed with utility-like cash flow and stability, helping to remain profitable and grow dividends over the long haul.

As for that growth, our pick has continued to build out its 5G infrastructure and expand those capabilities beyond just telephony. Home internet, streaming, fleet management and business operations are now core growth areas for the firm. Meanwhile, the company continues to use excess cash flow to reward shareholders and reduce debt.

All in all, our communications pick has plenty of levers to pull to provide stability of payout as well as growth over the long haul. Add in a cheap valuation and you have a recipe for success.

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