Third-quarter earnings reports are in, and AT (NYSE: T) and Verizon (NYSE: VZ) soared on their respective results. For the telecom giants, their years-long declines could finally be over.

AT hit a 30-year low earlier this year, but there's been a silver lining for investors in the sell-off. As these stocks have fallen, their dividend yields have gone up, and both offer yields between 7% and 8% today, making them among the best dividend payers on the market.

Though both stocks bounced off their recent lows following the earnings updates, it's not too late to buy them. But which one is the better buy? Let's take a look at how the two telecom giants stack up against each other today.

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Source Fool.com