SOURCE: The Bedford Report

The Bedford Report

March 09, 2011 11:25 ET

Dividends a Top Priority for Windstream & Telefonica

The Bedford Report Provides Analyst Research on Windstream & Telefonica

NEW YORK, NY--(Marketwire - March 9, 2011) - With the markets showing signs of volatility this month, investors are once again looking for safe havens. Dividend paying stocks traditionally get plenty of attention during hectic times in the market as investors rely on the company's stability and real earnings power. One of the more popular dividend plays is through companies in the telecom sector, as even during a recession telecommunication remains an essential service. The Bedford Report examines the outlook for companies in the Telecom sector and provides research reports on Windstream Corporation (NASDAQ: WIN) and Telefonica SA (NYSE: TEF). Access to the full company reports can be found at:

Spanish telecom giant Telefonica currently pays an annual dividend of 1.45 for a yield of around 5.70 percent. In late February, the company announced plans to raise its 2011 dividend 14 percent and reiterated an earlier dividend target for 2012 earnings. Telefonica said it plans to pay out 1.60 Euros a share on this year's earnings, while the company will pay a minimum of 1.75 Euros a share on its 2012 earnings.

Telefonica had a challenging finish to 2010 as its domestic wireless revenue slumped amidst Spain's economic crisis. For the company's fiscal fourth quarter of 2010, net income dropped to 1.33 billion Euros from 2.44 billion Euros a year earlier.

The Bedford Report releases regular market updates on the telecom sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Presently, the Windstream pays an annual dividend of $1.00 for a yield of around 8.1 percent. Last month, the company said its net income fell to $72.4 million, or 15 cents per share, in its fiscal fourth quarter, down from $75.5 million, or 17 cents per share, in the year-ago period. For 2011 Windstream expects adjusted free cash flow of around $863 million to $973 million and dividend payout ratio between 52 and 59 percent.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

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