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5 Best Telecom Dividend Stocks to Buy Now Dividend Yield: 6.1% China Telecom Corporation Limited (NYSE: CHA) is a Beijing-based telecommunications company that is the largest fixed-line service and the third largest mobile telecommunication provider in China. The firm has a market cap of more than $27 billion and posted more than $60 billion in revenue in December 2020. The dividends of the firm have been steadily rising and reached more than 6% in 2020. The company is ranked fifth on our list of 10 best telecom dividend stocks  At the end of the fourth quarter of 2020, 5 hedge funds out of 887 in the Insider Monkey database held stakes in China Telecom, up from 3 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 – more than 609,000 – worth more than $16 million. LMR Partners was 2nd with 63,120 shares worth almost $1.7 million.

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