Portugal Telecom (PT) – 9.5% Dividend
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.