After 10 years of a flat stock market, there is a clamor for dividends in a fashion that would have been unthinkable a decade back. In the late 1990s, dividends were an afterthought. Now they’re a primary focus, even for younger growth-oriented investors who previously considered income investing passé.
In today’s still erratic environment, telecom stocks, arguably the most “old school” dividend favorites, have also shown leading price action. According to research from Bespoke Investment Group, 89% of telecom stocks were trading above their 50-day moving averages last week, compared with only 39% of the S&P 500 and 53% of utilities. This is an objectively strong sector.
Source: SmartMoney.com
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