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Telefonica (TEF) – 9.3% Dividend

Telefonica (NYSE: TEF) With the possibility of default in Greece, there have been fears that the contagion will spread to Spain. Although, it looks like this scenario may not play yet.

Regardless, Spanish fixed and mobile telecom service provider  Telefonica (NYSE: TEF) has a solid business. Even if the stock price treads water, you’ll still get a nice yield – which looks safe.

Moreover, Telefonica has a strong business in the United Kingdom and Germany. There are also fast-growing operations in Latin America, such as in Brazil and Mexico.

Article printed from InvestorPlace Media,

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