Better High-Yield Dividend Stock: Verizon or AT&T?
Yahoo Finance ·
Verizon Communications ( VZ 0.83% ) was a component of the Dow Jones Industrial Average for 22 years. This week, that run ended. S&P Dow Jones Indices swapped the carrier out and added Alphabet ( GOOGL +1.11% ) ( GOOG +1.29% ) in its place, effective June 29, tilting the 30-stock benchmark toward artificial intelligence (AI) and away from a stock that made up about half a percent of its weight. For income investors, though, index membership and dividend quality are separate questions. After all, Verizon still yields more than 6%, and its closest rival, AT&T ( T 1.06% ) , pays about 5%. With these telecom stocks selling off recently, it's a good time to take a look at them -- even if they seem to be falling out of favor. They both throw off enormous amounts of cash, and both trade at single-digit earnings multiples. So, which is the better high-yield dividend stock to buy now?
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