Do tech stocks pay high dividends? These 2 producers outperform their peers
The iShares U.S. Telecommunications ETF IYZ is down about 35% since the start of the year, while the S&P 500 is down about 22.6% since the beginning of the year.
With the Communication Services sector dragged down far worse than other S&P 500 sectors, now may be an opportune time to trade stocks that have been artificially dragged down with the market.
For example, Verizon Communications Inc. VZ and AT&T T have seen their returns soar as the sector crashes. A key factor to consider is that during a recession, consumers still have to pay their phone and internet bills, which could lead to an eventual rebound.
The SPDR S&P 500 ETF Trust SPY has an average dividend yield of 1.64%, while the Communication Services sector has the highest average dividend yield in the S&P 500 of 6.89%
Go to: Netflix Q3 Earnings Snapshot: Analysts Identify Key Indicators for Investors to Watch
Spok Holdings Inc. SPOK offers a dividend yield of 16.23% or $1.25 per share per year, using quarterly payments, with a history of increasing its dividends once in the past year.
Spok Holdings is a global leader in mission-critical communications solutions and continues to innovate to set the standard for the future of healthcare communications. Spok solutions are present in more than 2,200 hospitals, including all adult and pediatric hospitals named to U.S. News & World Report's Best Hospitals Honor Roll, as its customers send more than 100 million messages every month.
In the second quarter, Spok saw its software bookings increase 23% year-to-date, with 32 deals worth more than six figures each.
"We are very encouraged by our outlook for the second half of 2022 and beyond, and our focus remains on creating value for our shareholders by maximizing revenue and cash flow generation. cash," said Vincent D. Kelly, Chairman and CEO of Spok Holdings.
Lumen Technologies Inc LUMN offers a dividend yield of 14.47% or $1 per share per year, making quarterly payments, with an inconsistent history of increasing its dividends.< /p>
Lumen Technologies is one of the largest telecommunications carriers in the United States serving global enterprises, with 450,000 miles of fiber optics. This includes over 35,000 kilometers of undersea fiber connecting Europe, Asia and Latin America.
"We improved our revenue trajectory and accelerated the number of Quantum Fiber locations activated in the second quarter," said Jeff Storey, President and CEO of Lumen.
Lumen completed the $2.7 billion divestment of its Latin American business to Stonepeak on August 1 and saw its net profit drop $344 million in the second quarter of 2022, compared to the previous year of 506 million dollars.
Photo: metamorworks via Shutterstock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The iShares U.S. Telecommunications ETF IYZ is down about 35% since the start of the year, while the S&P 500 is down about 22.6% since the beginning of the year.
With the Communication Services sector dragged down far worse than other S&P 500 sectors, now may be an opportune time to trade stocks that have been artificially dragged down with the market.
For example, Verizon Communications Inc. VZ and AT&T T have seen their returns soar as the sector crashes. A key factor to consider is that during a recession, consumers still have to pay their phone and internet bills, which could lead to an eventual rebound.
The SPDR S&P 500 ETF Trust SPY has an average dividend yield of 1.64%, while the Communication Services sector has the highest average dividend yield in the S&P 500 of 6.89%
Go to: Netflix Q3 Earnings Snapshot: Analysts Identify Key Indicators for Investors to Watch
Spok Holdings Inc. SPOK offers a dividend yield of 16.23% or $1.25 per share per year, using quarterly payments, with a history of increasing its dividends once in the past year.
Spok Holdings is a global leader in mission-critical communications solutions and continues to innovate to set the standard for the future of healthcare communications. Spok solutions are present in more than 2,200 hospitals, including all adult and pediatric hospitals named to U.S. News & World Report's Best Hospitals Honor Roll, as its customers send more than 100 million messages every month.
In the second quarter, Spok saw its software bookings increase 23% year-to-date, with 32 deals worth more than six figures each.
"We are very encouraged by our outlook for the second half of 2022 and beyond, and our focus remains on creating value for our shareholders by maximizing revenue and cash flow generation. cash," said Vincent D. Kelly, Chairman and CEO of Spok Holdings.
Lumen Technologies Inc LUMN offers a dividend yield of 14.47% or $1 per share per year, making quarterly payments, with an inconsistent history of increasing its dividends.< /p>
Lumen Technologies is one of the largest telecommunications carriers in the United States serving global enterprises, with 450,000 miles of fiber optics. This includes over 35,000 kilometers of undersea fiber connecting Europe, Asia and Latin America.
"We improved our revenue trajectory and accelerated the number of Quantum Fiber locations activated in the second quarter," said Jeff Storey, President and CEO of Lumen.
Lumen completed the $2.7 billion divestment of its Latin American business to Stonepeak on August 1 and saw its net profit drop $344 million in the second quarter of 2022, compared to the previous year of 506 million dollars.
Photo: metamorworks via Shutterstock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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