As I’ve covered in a previous article , I saw Telefónica’s ( TEF ) high-dividend yield as a trap, as the company’s growth prospects are weak and its dividend coverage by earnings and cash flows could be better, plus the company wasLabutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associated with the ...