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In addition to the previously mentioned dividend investing opportunities in tobacco stocks, the accompanying table includes the 10 largest companies by market cap among 74 total included in the ETF Innovators [ETFI] Global Telecom Services Dividend Index, which is comprised of companies with market caps over $1B U.S. Dollars and dividend yields of at least 2%.
Both the Top 35 Rated and all 74 companies outpaced benchmark telecom funds in the past year, including Telecom HOLDRs (NYSEARCA:TTH), iShares Dow Jones U.S. Telecom (NYSEARCA:IYZ), Vanguard Telecom Services (NYSEARCA:VOX), iShares S&P Global Telecom (NYSEARCA:IXP), and the Emerging Market Telecom Fund (ETF).
The 10 largest companies by market include China Mobile (NYSE:CHL), AT&T (NYSE:T), Telefonica (NYSE:TEF), Vodafone (NASDAQ:VOD), Verizon (NYSE:VZ), NTT DoCoMo (NYSE:DCM), France Telecom (FTE), Deutsche Telekom (DT), China Unicom (NYSE:CHU), and China Telecom (NYSE:CHA). The Top 10 companies by market cap have an average dividend yield of 5.2%, compared to an average yield of 8.5% for the Top 35 Rated and 7.8% for all 74 companies in the index.