NEW YORK, NY--(Marketwire -03/06/12)- U.S. Telecom stocks have performed well this year, keeping up with the broader markets. The iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ) is up roughly 6 percent year-to-date, almost parallel to the 2012 jump of the Dow Jones Industrial Average. The Paragon Report examines the outlook for companies in the Domestic Telecom industry and provides research reports on Alaska Communications Systems Group, Inc. (NASDAQ: ALSK - News) and Verizon Communications Inc. (NYSE: VZ - News). Access to the full company reports can be found at:
The telecom industry -- particularly the wireless segment -- got a bump last month when US Congress approved legislation that will free up spectrum for next generation wireless networks to meet the surging growth of mobile devices. According to The Associated Press, wireless carriers and technology companies have been demanding access to more of the airwaves to allow them to keep pace with the explosive growth of Internet-connected smartphones and tablet computers.
Congress passed a payroll tax bill that also includes a plan to raise billions of dollars by auctioning off television airwaves. The proceeds from the auction will be used to fund an extension of jobless benefits as well as the creation of a nationwide public safety wireless network.
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While growth is an added bonus for the telecom industry, investors flock to the telecom sector for their hefty dividends. Due to their stable revenues, most U.S. telecom operators pay dividends that yield in excess of 5 percent.
Presently Verizon Communications pays an annual dividend of two dollar per share for a yield of around 5.2 percent. Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Alaska Communications pays an annual dividend of 20 cents a share for a yield of around six percent. Shares of the company got a bump last week after it reported that fourth quarter revenues of $87.5 million increased by $2.7 million, or 3.2 percent, from $84.8 million in the prior year.
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- Verizon Communications