Telecom Corporation of New Zealand (NZT) – 4.9% Dividend
Telecom Corporation of New Zealand (NYSE: NZT) is the largest telecom provider in New Zealand, with a substantial base of business and consumer customers.
As should be no surprise, the growth will come from broadband and wireless while the fixed-line business will continue to deteriorate. In fact, the penetration rate of smartphones is relatively small.
However, investors should be a bit cautious. The New Zealand government may not necessarily select Telecom Corporation of New Zealand as a partner for its broadband network. If the company loses out, so could the stock.