5 Best Telecom Dividend Stocks to Buy Now

4. China Mobile Limited (NYSE: CHL)

Dividend Yield: 6.47%

China Mobile Limited (NYSE: CHL) is a state-owned Chinese telecommunications organization that provides voice and multimedia services in China and Hong Kong. The company has a market cap of more than $1 trillion and posted more than $114 billion in revenue in December 2019. In 2021, the average yield of the firm is 6.47%. The company pays out more than 47% of earnings out as dividend. China Mobile is thus ranked fourth on our list of 10 best telecom dividend stocks. 

At the end of the fourth quarter of 2020, 13 hedge funds out of 887 in the Insider Monkey database held stakes in China Mobile, up from 10 out of 817 in Q3 2020. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies held the most shares – 6.8 million – worth more than $195 million. LMR Partners was 2nd with 1.05 million shares worth almost $30 million.