Hickory Tech: A Solid Dividend With Rebounding Cash Flow

When I think of Hickory, a few things come to mind: trees and Andrew Jackson. President Jackson leads to many other thoughts, but the point remains, that I do not quickly associate Hickory with technology. However, a little upper Midwest cable, Internet, and telecom equipment company by the name of Hickory Tech (HTCO) has caught my attention-partly because it has changed its name from Hickory Tech to Enventis. The firm sports a 4.3% dividend yield, and though it trades at a fairly rich earnings multiple, I think it can provide investors with a reasonable return going forward. Background Enventis has a lineage over 100 years old and tracing back to the Mankato Citizen's Telephone Company. The firm started as an old fashioned, rural telephone service provider, and it has since evolved into a data, Internet, cable, digital TV, and telecom equipment firm. As such, the company competes with larger... Read more

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