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AT&T TDividend Yield: 5%

Telecom AT&T (T) is certainly not growing at a breakneck pace either, however the stability of this megacap company coupled with a robust dividend yield makes it very attractive to long-term investors.

Consider that AT&T boasts 31 million landline voice connections, 16.5 million broadband customers and over 107 million wireless customers. Even if the landline biz is admittedly declining, the reach of its data and mobile connectivity makes AT&T indispensable in today’s digital age.

AT&T got slapped down in 2012 when it made a bid for rival wireless carrier T-Mobile, but the recent move to purchase Leap Wireless (LEAP) for $1.2 billion seems much more likely to pass muster with regulators. That will add even more scale to this entrenched telecom stock.

AT&T has paid dividends since 1984, when the Bell empire was broken up to create the origins of the current company, and its payouts are up over 67% in the last decade. The current dividend yield is 5.1%.

Article printed from InvestorPlace Media,

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