Richelle Elberg

Alteva: A Double-Digit Dividend Yield, Growth And A Cheap Valuation

These days investors in the telecommunications industry are leery of overly strong dividend yields - and with good reason. There have been numerous examples of dividend cuts or even elimination in the industry - most recently, CenturyLink (NYSE:CTL) investors got slammed with a 23% decline in share price after the company announced a 26% reduction to its dividend. But there's one (formerly) old school telecom company out there which is yielding 12% right now, and I believe its dividend is safe for at least this year. It's also trading at a very cheap valuation given its potential growth profile.

The newly dubbed Alteva (NYSEMKT:ALTV), formerly known as Warwick Valley Telephone Company, is really three businesses in...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details