The communication sector isn’t known for offering attractive dividend yields. However, our latest addition to the Best Communication Dividend Stocks List is a telecommunications and media giant that ticks most boxes for income investors. Our pick is one of the largest companies in the world, which should add to portfolio stability and diversification.
Investors will have to act quickly though, as our pick is slated to go ex-dividend on Tuesday, April 4. That’s when you can expect your next payout of $0.29 per share, an increase of more than 7% year-over-year.
You can check out the Best Communication Dividend Stocks List to explore all the stocks.
A diversified product portfolio of media and theme parks, combined with a strong cash position and record earnings, makes our pick an attractive value proposition for income investors. Our pick returned a record amount of capital to shareholders in 2022, underscoring its dividend potential.
To make room for our telecom pick, we’ve booked losses and moved on from a wireless and cable subscriber that has underperformed since being added to our list. Additionally, we have also reduced our exposure to an advertising specialist.
