There are many investors looking for a good yielding stock that beats the regular 5 year fixed deposit rates.
And what better company then a telecom giant. Telecom companies are good cash flow generators and do better than thee average market during recession.
One such stock is Vodafone, which Is the second biggest telecom company in the world. Vodafone have a footprint in Europe, South Africa, Africa, Australia and turkey.
Vodafone makes a great stock for many international investors because it is listed In UK, which have no dividend withholding tax. This means that you are not overly penalized by taxes and thus the country is a good hunting ground for yield investors.
Recent bad results
Vodafone just announced their first half results not too long ago. Two days prior to the announcement, Verizon wireless, which is 45% owned by Vodafone, announced that they will be distributing 2.4 bil ...
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