Which Cable Stocks Pay Dividends?

by: Stockerblog

Surprisingly, the largest and the second largest cable company in the U.S., Comcast (NASDAQ:CMCSA) and Cablevision Systems Corp. (NYSE:CVC), respectively, do not pay dividends. However, several non-U.S. companies do.

The highest yielding cable stock is i-CABLE Communications Ltd. (ICAB), a Hong Kong based company that has paid dividends for the last four years and currently yields about 4.5%.

Second highest is Shaw Communications, Inc. (NYSE:SJR), a Calgary, Canada based company that pays 2.3% and has paid dividends since 1998.

Third on the list is British Sky Broadcasting Group plc (BSY), a UK company that pays 2.3%. They have been paying their dividends since 1995. This is one of the largest companies on this list in terms of market cap.

Next is Naspers Ltd. (NPSN), which in addition to television, is also heavily involved in print media. This South African based company yields .7%, with dividends paid since 2003.

Finally, Net Servios de Comunicao (NASDAQ:NETC), based in Brazil yields .4%.

Disclosure: Author does not currently own any of the above stocks.