#1: AT&T (T)
The valuation isn’t bad, either, as the shares trade with a P/E ratio of 25, which is slightly below that of its peers. However, that 5.2% yield is significantly higher than the 3.5% industry average.
The company upped its quarterly dividend by a penny once again this year, to 46 cents from 45 cents. The announcement was made in a Dec. 13 press release, in which the company’s CEO reaffirmed that “Returning value to our shareholders is one of AT&T’s top priorities.”
AT&T hasn’t given up on growth either. It recently added new European roaming plans for its network, in addition to those already available for use in Canada and Mexico, and the rumor is that the company is interested in a takeover of Europe’s largest mobile provider — Vodafone (VOD).
Bryan Perry is the editor of Cash Machine. He may hold some of the aforementioned securities in his Cash Machine portfolio.