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Spending on Phone Services in the U.S. Continues to Grow

NEW YORK, NY--(Marketwire - Oct 1, 2012) - As concerns of a major economic slowdown weighs on the broader markets investors have looked to the Telecom Industry for their stable revenues and hefty dividends. The S&P 500 Telecommunication Services Sector Index has gained nearly 22 percent year-to-date, outpacing the S&P 500 Index gain of 14 percent over the same period. The Paragon Report examines investing opportunities in the Telecom Industry and provides equity research on CenturyLink, Inc. ( NYSE : CTL ) and Windstream Corporation ( NASDAQ : WIN ).

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Recent data has shown that while consumers have cut back spending on amenities coming out of the recession their spending on their phone bills has increased. According to data released from the Labor Department earlier this week in 2011 spending on phone services in the U.S increased by 4 percent, which was the fastest rate in nearly 7 years. Wireless carriers such as -- Verizon and AT&T -- had mobile services revenues of 22 billion in 2007, which then soared to 59 billion by 2011, according to UBS AG analysts. UBS expects that number to rise to $109 billion by 2017.

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CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company offers investors an annual dividend of $2.90 per share for a yield of roughly 7.2 percent. Shares of CenturyLink are up nearly 9 percent for the year.

Windstream is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company offers investors an annual dividend of $1.00 per share for a yield of roughly 10 percent. The company's 25th consecutive 25 cent quarterly dividend will be paid on Oct. 15, 2012, to stockholders of record as of Sept. 28, 2012.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: