Philippine Long Distance Telephone (PHI) – 5% Dividend
Philippine Long Distance Telephone (NYSE: PHI) is the dominant fixed-line and mobile player in the Philippines. There are not many shares on the open market because the company has large equity holders like Nippon Telegraph.
Like all telecoms, PHI is facing more competition lately. But the company’s scale should help it to continue to grow its profitability and cash flows. For example, it purchased rival Digitel, which should be a nice boost.