Better Ultra-High-Yield Dividend Stock: AT&T or Altria?

If you're on the hunt for a dividend stock with a yield above the 6% mark, you've probably crossed paths with both AT (NYSE: T) and Altria (NYSE: MO). AT is one of the largest wireless carriers in the U.S. and its stock sports a ginormous 6.84% yield AT current levels. Altria, on the other hand, is a top U.S. tobacco company, and its shares offer a tantalizing 9.45% yield right now. Moreover, both companies offer shareholders meager top-line growth prospects, making their shares most appealing as a passive income play.

With this background in mind, let's dig deeper to find out which of these ultra-high-yield dividend stocks is the better buy.

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Source Fool.com