Chunghwa Telecom Co., Ltd (CHT) A Top Jim Simon’s Dividend Stock to Buy on Robust Demand for High-Quality Network Infrastructure

Chunghwa Telecom Co., Ltd (NYSE:CHT) is one of the best dividend stocks to invest in, according to Jim Simons' Renaissance Technologies. On June 10, Chunghwa Telecom Co., Ltd (NYSE:CHT) delivered impressive consolidated operating results for May. The results affirmed robust demand for high-quality network infrastructure and the company's strong competitive positioning in infrastructure and digital transformation services.

Consolidated revenue was up 5.4% year over year to NT$ 19.52 billion, driven by growth engines of core telecom and ICT services. Additionally, the company benefited from strong iPhone sales and increased subsidiary revenue fueled by AI demand. ICT revenues rose on double-digit growth, driven by the completion of AI server-related construction projects and robust demand for enterprise-tailored private cloud solutions.

Net income attributable to stockholders came in at NT$3.36 billion, EBITDA at NT$7.77 billion, and EPS at NT$0.44. As of May, Chunghwa Telecom Co. accumulated unaudited consolidated revenue for the year totaling NT$100.01 billion, operating income totaling NT$ 22.28 billion, and income before tax totaling NT$22.46 billion.

Chunghwa Telecom Co., Ltd (NYSE:CHT) is Taiwan's largest integrated telecommunications operator. It provides fixed-line, mobile, broadband internet, and enterprise ICT services. The company also operates internationally, delivering solutions for smart cities, cloud computing, artificial intelligence, and cybersecurity to businesses worldwide.

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