Stocks with high dividend yields beat the overall market by an average of 1.36% per year between 1927 and 2009. We like high-dividend stocks since they generally perform better and usually increase dividend payments over the succeeding 5 to 10 years. In addition, we encourage investors to play defensively during the recent market turmoil by investing in high dividend-stocks, as we are concerned about the Fed’s inflationary monetary policy.
Below we compiled a list of top 14 high-dividend technology stocks. All companies have a market cap of over $10 billion and a dividend yield of at least 5%. Market data is sourced from Finviz.
Ticker | Company | Dividend Yield | YTD Return |
(BCE) | BCE, Inc. | 5.52% | 10.26% |
(CHT) | Chunghwa Telecom Co. | 5.82% | 36.16% |
(CTL) | CenturyLink, Inc. | 8.53% | -22.29% |
(FTE) | France Telecom | 12.14% | -16.25% |
(MBT) | Mobile Telesystems | 8.06% | -37.81% |
(NOK) | Nokia Corporation | 10.45% | -43.72% |
(T) | AT&T, Inc. | 6.07% | 0.64% |
(TEF) | Telefonica, S.A. | 10.45% | -13.74% |
(TI) | Telecom Italia SpA | 7.96% | -13.54% |
(TI.A) | Telecom Italia S.P.A. New | 10.57% | -6.50% |
(TMX) | Telefonos de Mexico, S.A.B. | 5.67% | -1.23% |
(VIP) | VimpelCom Ltd. | 7.96% | -32.36% |
(VOD) | Vodafone Group plc | 5.68% | -0.43% |
(VZ) | Verizon Communications | 5.50% | 5.64% |
Here are the stocks on the list with the best YTD returns:
Chunghwa Telecom Co. Ltd. is a telecommunications service provider in Taiwan. CHT has a dividend yield of 5.82% and gained 36.16% since the beginning of this year. It has a market cap of $31.6B and a P/E ratio of 18.04. Jim Simons had $22 million invested in CHT (check out Simons’ top stock picks).
BCE, Inc. is a Canadian communications company. BCE has a dividend yield of 5.52% and gained 10.26% since the beginning of this year. It has a market cap of $29.2B and a P/E ratio of 16.6. Louis Navellier invested $43 million in BCE.
Verizon Communications Inc. is a provider of communications services. VZ has a dividend yield of 5.50% and gained 5.64% since the beginning of this year. It has a market cap of $102.9B and a P/E ratio of 16.23. Phill Gross and Robert Atchinson, and Jim Simons had over $100 million invested in VZ.
AT&T is a provider of telecommunications services. T has a dividend yield of 6.07% and gained 0.64% since the beginning of this year. It has a market cap of $167.9B and a P/E ratio of 8.59. Phill Gross and Robert Atchinson invested over $300 million in T shares. Jim Simons also had nearly $100 million of T shares (check out Gross and Atchinson’s top stock picks).
Vodafone Group plc is a mobile communications company operating across the globe, providing a range of communications services. VOD has a dividend yield of 5.68% and lost 0.43% since the beginning of this year. It has a market cap of $133.7B and a P/E ratio of 11. Boykin Curry and Mason Hawkins both invested more than $200 million in VOD (check out Curry’s top stock picks).
Telefonos de Mexico, S.A.B. de C.V. owns and operates a fixed-line telecommunications system in Mexico. TMX has a dividend yield of 5.67% and lost 1.23% since the beginning of this year. It has a market cap of $13.8B and a P/E ratio of 13.92.
Telecom Italia S.P.A. is an Italy-based company that operates in the telecommunications sector. TI has a dividend yield of 10.57% and lost 6.50% since the beginning of this year. It has a market cap of $18.3B.
Telefonica, S.A. operates in the telecommunications, media and contact center industries. TEF has a dividend yield of 10.45% and lost 13.74% since the beginning of this year. It has a market cap of $86.2B and a P/E ratio of 2.21. Jim Simons had $13 million of TEF stocks.
France Telecom is a France-based telecommunications operator. FTE has a dividend yield of 12.14% and lost 16.25% since the beginning of this year. It has a market cap of $42.3B and a P/E ratio of 10.24.
Disclosure: I am long VOD, T.
