Better Dividend Buy: Verizon Communications vs. Altria
Verizon (NYSE: VZ) and Altria (NYSE: MO) are two different types of companies that attract investors for similar reasons: stability and dividends.
Verizon, one of the top telecom companies in America, pays a forward dividend yield of 4.3% and trades at just 12 times forward earnings. Altria, the country's largest tobacco company, pays an even higher forward yield of 8% while trading at an even lower forward P/E of 10.
Verizon has raised its dividend for 13 straight years, while Altria hiked its payout every year after spinning off its overseas business Philip Morris International in 2008. Both stocks' total returns, which include reinvested dividends, have surpassed 200% over the past 10 years.
Source Fool.com
