This stock IPO'd just over 1 year ago and is the first of its kind. It yields over 10%, with steady dividend coverage from long-term contracts. Its major new acquisition just started to contribute to earnings this month. Own any Telecom stocks? They're very popular with income investors due to their high dividend yields. This article provides an update to a newcomer in the Telecom world.
Communications Sales & Leasing (CSAL), which IPO'd in April 2015. CSAL is the only real estate investment trust (REIT) that engages in the acquisition and construction of infrastructure in the communications industry in the US. It owns 3.5 million fiber strand miles, 235,000 route miles of copper, and other property across 29 states. It's based in Little Rock, Arkansas. CSAL is an internally managed REIT with triple-net-leases. CSAL was spun off from Windstream Holdings (WIN) in an April 2015 IPO. (Source: CSAL website) CSAL made a large acquisition this year, buying PEG Bandwidth, a provider of fiber-to-the-tower, which complements the CSAL's towers and tower real estate assets.
Source: Seeking Alpha
Related Articles:
- 4 Dividend Stocks For Healthy and Wealthy Retirement
- 4 High-Yielding Utilities With A Growing Dividends
- 9 Dividend Stocks With A 10%+ Dividend Growth Rate
- 3 Styles Of Successful Dividend Investing
- Why Dividend Growth Stocks Are Evil
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
These days, the healthcare stocks are looking pretty healthy compared to stocks in other spaces. Despite political pressures about lowering ...
-
These three dividend aristocrats have beaten the market during the three most recent pullbacks. They've also outperformed in 2019. There...
-
Nothing makes life easier for an investor than finding the kind of stocks where you can park money for a long, long time, trusting that they...
-
As the sun sinks on another summer and Labor Day taunts with the pitiful proposition of just 24 hours less work, it stands to reason that so...
-
In Five High-Dividend Stocks You Should Watch, we discussed five dividend stocks, including MLPs, trading at yields above 11%. In this artic...
-
A High-Yield Stock Investors Can Count on. Considering that most dividend stocks pay less than four percent, a 6.2% annual yield should alre...
-
This company released Q2-2019 results recently. The results beat both revenue and earnings estimates. It reported decreasing earnings on the...
-
Conservative investors should adopt the same precautions toward monthly dividend stocks as you would any income-generating investment. For i...
-
Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But fo...
-
As a risk-averse income investor, I always approach double-digit yielders with caution. The reason is simple: when most blue-chip companies ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.