5G Income Stocks Are A Buy

The current correction has provided a sweet entry point for buying into the 5G and cloud storage markets, where the best-of-breed stocks in both sub-sectors are trading 10-15% off their 52-week highs. The advent of the remote working economy, artificial intelligence-driven platforms, big data enterprise networks, internet of Things (IoT), digital payments and mobile e-commerce are all huge contributors to cell tower and data center operators.

The global telecom tower market accounted for $40 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 18.0% during the forecast period 2018-2025, to reach $145 billion by 2025. The two stocks within this space that rule the roost are American Tower REIT (AMT), paying a current dividend yield of 1.76%, and Crown Castle International Corp. (CCI), offering a current dividend yield of 3.01%.

Source: Dividend Investor

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