Finance & Business
POSTED BY: GWS Team
PUBLISHED: Jun 18, 22
Investors don't usually look for high-flying growth stocks in the telecommunications sector.
In an uncertain market, however, telecom companies can be excellent sources of long-term potential and consistent dividend yields.
Many telecom stocks have stable quarterly dividends and have steady, predictable earnings.
During periods of market instability, telecom companies often trade at relatively low valuations, making them ideal defensive plays.
In addition, following years of substantial upgrade investments, a number of telecom stocks are finally building out 5G worldwide networks.
Here are seven telecom stocks with at least a 3% dividend yield that the Morningstar expert team recommends.
– Verizon Communications Inc. (VZ) – AT&T Inc. (T) – Deutsche Telekom AG (DTEGY) – Orange SA (ORAN) – Rogers Communications Inc. (RCI) – Telenor ASA (TELNY) – Lumen Technologies Inc. (LUMN)