3 Dividend Stocks to Buy for 2020
Dividend income can be a critical piece of a long-term investment strategy, particularly for people who are looking to grow their portfolios steadily over the years. The stocks listed below have all increased their payouts, offer good yields, and provide investors with attractive growth opportunities in 2020 and beyond. With attractive dividend payments and reasonable valuations, any three of the stocks here could be solid additions to your portfolio today.
AT&T (NYSE: T) could have a big year in 2020 as the telecom giant continues to develop its 5G network throughout the country. According to its website, AT&T 5G is up and running in 13 markets, and the company is looking to have it available nationwide before the end of the first half of 2020. The new 5G network is the next big development in Internet and promises to fuel a lot of traffic, particularly when it comes to video. AT&T projects that by 2022, around three-quarters of its mobile traffic will use the Internet for streaming 4k video as well as virtual reality and augmented reality.
That could lead to lots of big business for AT&T down the road, and it is among the major providers of 5G Internet, putting it in a good position to benefit from the growing demand for a faster mobile network. The company has a bright future, and that makes its 5.3% dividend yield look even more attractive. In December, the Dividend Aristocrat announced its 36th consecutive dividend increase as it hiked its quarterly payments from $0.51 to $0.52 per share.
Source Fool.com
