Better Telecom Stock: AT&T vs. Verizon
The high-yield dividends offered by AT (NYSE: T) and Verizon Communications (NYSE: VZ) are a compelling reason to consider shares in these telecom giants today. Both offer impressive yields standing at over 6%. Contrast this to the S 500's long-term dividend yield of 1.8%.
These two companies also generate reliable revenue, since mobile phone and internet services are essential in today's connected world. This makes their dividends resilient. For instance, both maintained quarterly payments during the height of the COVID-19 pandemic when other firms were forced to eliminate dividends.
Although AT and Verizon both possess appealing traits, one of them edges out its competitor as a superior stock to buy. But determining which one is not necessarily straightforward. Here's a look at each, and why one makes a better investment for the long haul.
Source Fool.com
Verizon Communications Inc. Stock
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 41 € there is a slightly positive potential of 14.14% for Verizon Communications Inc. compared to the current price of 35.92 €.
