SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Aug 22, 2012) - U.S. Telecom stocks have performed well this year despite concerns of a global economic slowdown. 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 Telecommunications Industry and provides equity research on Frontier Communications Corp. (NASDAQ: FTR) and Windstream Corporation (NASDAQ: WIN).
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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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Frontier Communications Board of Directors has declared a regular quarterly cash dividend payment of $0.10 per share of common stock, payable on September 28, 2012 to holders of record of common stock at the close of business on September 7, 2012. The company offers investors a dividend yield of roughly 8.6 percent. Shares of the company are up over 12 percent year-to-date.
Windstream is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company's Board of Directors recently declared a $0.25 dividend payable Oct. 15, 2012, to stockholders of record as of Sept. 28, 2012. This marks the 25th consecutive 25-cent quarterly dividend declaration since the company's formation.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer