In today’s market, the general consensus is that if a company pays more than four percent, it’s considered a high-yield stock. So what happens when you see a company with a double-digit payout? Well, in an efficient market, a yield higher than 10% would simply be a sign of trouble. But since the market is not always efficient, there can be exceptions.
Case in point: Consolidated Communications Holdings Inc (NASDAQ:CNSL) currently offers investors a jaw-dropping yield of 12.1%. Yet the payout is surprisingly safe. Let me explain… Consolidated Communications is a broadband and business communications provider headquartered in Mattoon, Illinois. Through its advanced 36,000 route miles of fiber optic network, the company offers a wide range of communications solutions, including voice, data, video, managed services, and cloud computing.
Source: Income Investors
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