The search for higher yields is driving the biggest rally in seven years for telephone stocks,...

|By:, SA News Editor

The search for higher yields is driving the biggest rally in seven years for telephone stocks, despite lagging profit forecasts for the sector. Telecoms account for five of the 10 largest dividends in the S&P 500 and yield 5.45% as a group. Among individual companies: FTR, 8.94%; WIN, 8.24%; CTL, 7.3%; T, 5.96%, VZ, 5.94%.