Dividends4Life: Unique High-Dividend Stock Yields 11%, Goes Ex-Dividend Soon, Estimates Rising

Dividend Growth Stocks News

Looking for something new and unique in the high dividend stocks world? We're taking a break from the energy-related companies we've covered in our recent articles, and going for, in the words of Monty Python, "something completely different." This stock yields 11% and is the only one of its kind. Management expects to close an acquisition in April which will be immediately accretive to earnings. It has steady revenue and cash flow from long term contracts and industry tailwinds. Even though it's up over 30% in the past month, it's still 27% below analysts' mean price target.

Communications Sales & Leasing (NASDAQ:CSAL) is the only real estate investment trust, REIT, which engages in the acquisition and construction of infrastructure in the communications industry in the United States. It owns 3.5 million fiber strand miles, 235,000 route miles of copper, and other property across 29 states. The company is based in Little Rock, Arkansas. CSAL is an internally managed REIT with triple-net-leases. CSAL was spun off from Windstream Holdings (NASDAQ:WIN) in an April 2015 IPO.

Source: Seeking Alpha

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