Dividends4Life: 2 Telecom Dividend Stocks to Buy; 2 to Sell

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2 Telecom Dividend Stocks to Buy; 2 to Sell

Posted by D4L | Saturday, June 06, 2015 | | 0 comments »

It’s hard to go wrong looking for income in the telecom sector. Telecom stocks are historically the best dividend performers in the market, averaging a nearly 5% dividend yield. The only other industry in the S&P 500 that can compare to telecom dividends is utilities. That doesn’t mean picking dividend stocks in telecommunications is as easy as spinning around in a circle and buying whatever stock you happen to be pointing at. The popularity of telecom dividends caused the sector to be a bit overpriced.

A dividend stock with a 11% yield like Mobile Telesystems OJSC (NYSE:MBT) is a wolf in sheep’s clothing — MBT stock is down 30% in the last year, and sharp declines in share prices make a stock’s yield look oh too good to be true. That’s why I put this list together of a few good telecom stocks and a few telecom dividend stocks you should pass on, at least for now. Telecom Dividend Stocks to Buy: CenturyLink Inc (CTL) and AT&T Inc. (T). Telecom Dividend Stocks to Sell: Frontier Communications Corp (FTR) and Verizon Communications Inc. (VZ).

Source: InvestorPlace

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