Low-Beta High-Dividend Stock Yields 9%, Big Growth

Looking for a quiet high-yield place to invest in, while this market sorts itself out? In May 2016, we penned an article, which introduced SA readers to a little-known, under-the-radar stock. This stock yields 9%, with a low 39% Dividend Payout Ratio, and you've probably never heard of it. It has a low beta of just .28, and is up 26% since we last wrote about it, BUT it's still undervalued. The company's transformational plan is working well: Revenues grew 25%, Net Income grew 18%, and EPS grew 18% over the past four quarters.

Apparently, readers liked what we presented - North State Telecommunications Corp. (OTCPK:NORSB) (OTCPK:NORSA)shares have risen over 26% since our initial coverage, and are up over 30% year to date, thoroughly trouncing both the S&P 500, and the iShares US Telecom ETF (NYSEARCA:IYZ). After the initial jump, shares have hung out in the mid-to-high $50s range, which attests to its low beta and profile. There's a lot for income investors to like about NORSB, which trades on the OTC Pink Sheets - a steady dividend, strong earnings growth, and a low beta, for example. Volume is low, an average of 427 shares/day currently, but don't let that fool you - over 13,000 shares changed hands in the days following our article.

Source: Seeking Alpha

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