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Portugal Telecom (PT) – 9.5% Dividend

Portugal Telecom (NYSE: PT) The fiscal situation is dicey in Portugal, however, Portugal Telecom (NYSE: PT) has a solid business, which should be able to deal with tough economic conditions.  The company has a massive fiber network, which provides services such as television. This should be a good source of growth.

Finally, Portugal Telecom snagged a hefty $9.9 billion from its sale of its stake in Vivo, which is the biggest mobile provider in Brazil.

Article printed from InvestorPlace Media, http://investorplace.com/2011/06/dividend-stocks-telecom-fte-tef-nzt-phi-pt/.

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