5 Best Telecom Dividend Stocks To Buy for 2022

4. Vodafone Group Public Limited Company (NASDAQ:VOD

Dividend Yield as of February 2: 6.61% 

Number of Hedge Fund Holders: 18

UK-based Vodafone Group Public Limited Company (NASDAQ:VOD) is among the leading converged connectivity provider globally serving 114 million mobile users in Europe and 187 million mobile customers in Africa as of February 2022. Vodafone Group Public Limited Company (NASDAQ:VOD) reported strong year-over-year service revenue growth of 2.7% in the third quarter of fiscal 2022, with revenue totaling €9.65 billion.

Vodafone Group’s value-added services such as IoT, cloud, security, and wholesale services accounted for 27% of its service revenue in Q3 FY 2022. 

Vodafone Group Public Limited Company (NASDAQ:VOD) shares rose nearly 20% in January following merger talks regarding its UK unit, which could merge with CK Hutchison’s Three UK, and its Italy operation, which could merge with Iliad.

By the end of January, news that Swedish investment firm Cevian Capital had positioned an undisclosed holding in the UK-based telecom company had put Vodafone Group Public Limited Company (NASDAQ:VOD) in the spotlight.

Meanwhile, 18 hedge funds were optimistic on Vodafone Group Public Limited Company (NASDAQ:VOD) at the end of the third quarter of 2021, with stakes totaling $613.7 million, up from 17 funds the previous quarter.