Thinking of Buying AT&T and Verizon? Check Out These Two Dividend Stocks Instead
If you're a dividend investor, you've likely taken a close look at AT (NYSE: T) and Verizon Communications (NYSE: VZ) if you don't already own them.
These two telecom giants are classic blue-chip stocks. They're huge, seemingly stable companies that the economy depends on, and they crank out strong profits each quarter. Additionally, they both offer impressive dividend yields at the moment -- both around 7.5%.
However, those yields have risen not due to strong payout increases, but because the prices of both AT and Verizon stocks have steadily eroded. They've become yield traps, a dividend stock that looks good but only offers a high yield because the price has fallen as investors have decided it isn't worth owning.
Source Fool.com
Verizon Communications Inc. Stock
€37.95
-0.330%
With 23 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 41 € shows a slightly positive potential of 8.05% compared to the current price of 37.95 € for Verizon Communications Inc..
