The communication services industry is undergoing rapid and unprecedented changes. Verizon Communications Inc., AT&T Inc., Comcast Corporation and Vodafone Group Plc have all recovered well by 2021. Consumer behavior during the pandemic, according to the Fidelity report, may be validated by looking at consumer behavior. According to the Fidelity analysis, digital spending has increased by 15-20% in the last five years, and is expected to increase by another 15-20% by 2020. On its own, online purchasing has grown at a 35 percent annualized rate. According to UCLIS Markets Insights, the communication services sector has performed well over the last year. Year to date, the sector has returned roughly 23.22 percent, compared to 14.4 percent for the S&P 500. After 2020, 25% of communication services stocks have been given Buy ratings.
Insider Monkey looks at 10 communication services stocks that pay dividends. Entravision Communications Corporation is rated 10th. The company engages the Hispanic community across acculturation levels and media channels through its Television, Radio, and Digital segments. ATN International, Inc. is ranked 9th. Revenue was $123.86 million, up 13.54 percent year over year but $0.45 million short of expectations. TEGNA Inc. is ranked 8th on the list of dividend-paying communication services stocks. The company owns and operates television stations that broadcast television programming and digital content, as well as distributing this content to consumers via the internet, social media platforms, and other means. Scholastic Corporation is ranked 7th on our list of dividend-paying communication services stocks. Children’s Book Publishing and Distribution, Education, and International are the company’s three segments. Scholastic has increased by 16.84 percent over the last six months and by 36.64 percent year to date. InterDigital, Inc. is ranked 6th. The business is active both in the United States and abroad. InterDigital is up 8.76 percent in the last six months and is up 21.61 percent for the year. For more details, click 10 Communication Services Stocks That Pay Dividends.
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