Generous dividend-paying blue-chip telecommunications stocks are underperforming the bellwether FBM KLCI by a wide margin and have collectively lost some RM26 billion in market value year-to-date. The two worst-performing stocks among the four largest listed telcos are Maxis Bhd and Digi.Com Bhd, which each paid shareholders nearly all the profits earned in the financial year ended Dec 31, 2021, and are among the handful of stocks that pay dividends every quarter.

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