SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Aug 23, 2012) - U.S. Telecom stocks have performed well this year, outpacing the broader markets by a good margin. The iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ) is up roughly 16 percent year-to-date, almost double the Dow Jones Industrial Average gain of 8.6 percent. The Paragon Report examines investing opportunities in the Telecom Sector and provides equity research on AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ).
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While growth is an added bonus, investors have flocked to the telecom industry for their high yielding dividends as investment rates are near record lows. As a result of their stable revenues, many telecom companies currently pay dividends that yield in excess of 5 percent.
The rapidly growing popularity of mobile devices -- such as tablets and smartphones -- has led to an increase in demand for data services. According to recent data from the International Data Corporation, the number of smartphones shipped in the second quarter grew 42 percent year-over-year, while the number of tablets shipped saw a growth rate of 66 percent.
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AT&T offers investors an annual dividend of $1.76 per share for a yield of roughly 4.8 percent. The company reported second-quarter 2012 net income attributable to AT&T totaled $3.9 billion, or $0.66 per diluted share, up from $3.6 billion, or $0.60 per diluted share, in the year-earlier quarter. Shares of AT&T are up over 20 percent for the year.
Verizon offers investors an annual dividend of $2.00 per share for a yield of roughly 4.7 percent. Verizon Wireless recently reported that its 4G LTE network will cover more than 75 percent of the U.S. population when it introduces the network in 34 new markets and expands in 38 other markets on Aug. 16.
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