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3 Tech Dividend Stocks to Buy Now

Strong cash flows and sturdy yields make these attractive holdings for any long-term portfolio

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Tech Dividend Stocks to Buy: China Mobile (CHL)

tech-dividend-stocks-to-buy-now-stx-stockDividend Yield: 4.1%

This Chinese-based company is the largest mobile operator in the world with a staggering 772 million subscribers, representing more than 60% of China’s total wireless subscriber base. 3G subscribers alone jumped by 7.4% from December to January.

While it might be tougher for China Mobile to keep growing at that clip, CHL stock still looks interesting.

The main allure is that China Mobile should benefit nicely from a transition from 3G to a 4G network. Meanwhile, its recently signed deal to sell Apple’s (AAPL) iPhone makes it a lot more attractive as well. CHL should be in a nice position to ramp up pricing on data plans in the next few years as consumers will increasingly want to (and be able to) share photos and watch videos. And given its scale, China Mobile should be able to negotiate lucrative deals with other vendors and realizes economies of scale.

CHL already is a huge cash generator. According to its latest earnings report, China Mobile reported operating cash flows of $37 billion over a six-month period. That should help CHL keep up with/improve upon its dividend, which came in at $2.01 last year and currently yields 4.1%.

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