I'd been a (NYSE: VZ) wireless customer for as long as I can remember. My long-standing relationship with the telecom giant was one of the many reasons I initially bought its stock.

While I recently switched my service to rival AT (NYSE: T), I don't plan to swap stocks. I still think Verizon is a better dividend stock, which is why I recently added to my position again.

Verizon and AT&T offer attractive dividend yields these days. At first glance, they're pretty comparable. Verizon yields 6.7%, while AT's payout is 6.5%. Even though Verizon has a slightly higher yield, that's not what gives it the edge over its peer. The main driver is that Verizon has more financial flexibility, which allows it to steadily increase its dividend.

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Source Fool.com