If you’ve been looking for high-yield stocks, you’d know that most of them aren’t perfect. In fact, the reason why many companies can have an ultra-high yield is that investors don’t believe that the payout is sustainable. That’s why today I’m going to show you a double-digit yielder that actually offers top-notch dividend safety. The company’s next round of dividend checks will be mailed out in a few weeks. To collect that payment, investors have to take action by July 11. Let me explain...
The company in question is Consolidated Communications Holdings Inc (NASDAQ:CNSL), a broadband and business communications provider headquartered in Mattoon, Illinois. Consolidated Communications has operations in 24 states and serves a broad customer base that includes businesses of all sizes, wireless companies and carriers, as well as consumers. With 36,000 fiber network miles, the company is one of the top 10 fiber providers in the country. Today, CNSL’s fiber network has 9,300 on-net buildings, 780,000 data and Internet connections, and 3,300 fiber connections for wireless carriers.
Source: IncomeInvestors
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