Verizon vs. AT&T: Which Dividend Stock Is the Better Buy for Retirement Income?
Which of these blue chip dividend stocks is a better long-term investment?
Overview
Verizon (NYSE: VZ) and AT&T (NYSE: T), two of the largest telecom companies in the U.S., are both popular dividend stocks. Verizon pays a forward yield of 6.2%, while AT&T pays a forward yield of 4.6%. Both stocks also look like bargains in this frothy market: Verizon trades at nine times forward earnings, while AT&T has a forward price-to-earnings ratio of 10.
But over the past 12 months, Verizon's stock dipped 4% as AT&T's stock dropped 10%. Let's see why Verizon held up better than AT&T -- and if it's the better income play for retirees.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.