Telecom giants AT (NYSE: T) and Verizon Communications (NYSE: VZ) are staples for many passive income investors, and for good reason. Both companies have a rich tradition of returning an outsize portion of their free cash flow to shareholders via regular quarterly payouts.

To wit: AT stock presently sports a rather generous 6.8% annualized dividend yield, while Verizon's dividend yield clocks in even higher at 7.2%. So which of these blue chip dividend stocks is the better stock to own right now? Read on to find out.  

Jeremy Bowman (Verizon): AT and Verizon have both been stock market losers in recent years. The two telecom giants have lost market share to T-Mobile US and have struggled to grow.

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Source Fool.com