Dividends4Life: Top Dividend Stocks AT&T, Verizon Near Buy Points

Dividend Growth Stocks News

Telecom behemoths AT&T (T) and Verizon Communications (VZ) are among leading dividend stocks that have found favor as investors seek safety in a choppy market. The Federal Reserve’s interest-rate hike in December was supposed to reduce the appeal of dividend stocks, whose relatively high yields had made them attractive relative to bonds and savings accounts that paid next to nothing. But the 10-year Treasury yield has plunged below 2% since then amid concerns about the global economy.

AT&T and Verizon boast annualized dividend yields of 5.3% and 4.5% amid superior earnings stability. Both stocks have rebounded sharply in the past couple weeks, hitting 52-week highs, following their quarterly earnings reports. AT&T has increased its annual dividend for 32 straight years. Verizon has increased its dividend for nine straight years.

Source: Investors.com

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