The Surprisingly Safe 11.6% Dividend Yield Worth a Serious Look
In most cases, a double-digit payout by a stock suggests that something has gone wrong with the business. But once in a while, you find a great and safe dividend yield hiding amongst all of the thousands of publicly listed companies.
Case in point today is a broadband and business communications provider we’ve discovered with 36,000 fiber network miles—making it one of the top 10 fiber providers in the United States.
Laying fiber optic cable is not an easy feat. It requires a lot of capital and obtaining permits from regulatory authorities. So it's not every day that you see a new company getting into this business.
Last year, this company generated $137 million in free cash available to pay dividends. Given its actual dividends paid out were $94 million, the company had a payout ratio of 68.7%-- leaving a sizable margin of safety for its shareholder.
And most importantly, the company has a solid dividend-paying track record with over 50 consecutive quarterly dividend payments paid by this company!
You can learn all about our this 11.6% yielding company in a special hot-off-the-press investor research report we’ve prepared called The Surprisingly Safe 11.6% Dividend Yield Worth a Serious Look. It’s yours FREE when you opt-in for our FREE income e-letter, Income Investors.
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