Better Telecom Dividend Stock: Verizon or AT&T?
A critical shoe just dropped today in the longtime rivalry between Verizon (NYSE: VZ) and AT&T (NYSE: T). AT&T revealed its complete plan to spin off WarnerMedia to Discovery in the second quarter, forming a new company called Warner Bros. Discovery.
However, AT&T fell by 4% in Monday trading as the same news release divulged that it would return only $8 billion to shareholders annually in the form of dividends. This takes the size of its payout to the lower end of estimates. This move could leave income investors wondering whether Verizon is now the more attractive telecom dividend stock.
Image source: Getty Images.
Source Fool.com
