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Dividend-minded investors may be enamored with Nokia's current attractive 6.93% dividend yield. However, this yield is a bit deceiving. It is easy for a company to show a high dividend yield when its share price falls below $5 (as price falls, yield goes up, assuming a constant dividend payout). Investors must realize that maintaining this dividend might be difficult for Nokia moving forward.
In 2014, Nokiaâs Devices and Services division was sold to Microsoft. In 2016, Finnish company HMD Global bought a part of Microsoftâs feature phone business and has a licensing agreement that allows it to make smartphones under the Nokia brand. Nokia's latest mobile launch is the 3310 (2017). The mobile was launched in February 2017. The phone comes with a 2.40-inch display with a resolution of 240 pixels by 320 pixels. The phone packs 16MB of internal storage that can be expanded up to 32GB via a microSD card.