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5 Battered Dividend Stocks to Buy Now

Recent setbacks make these high-yielding stocks attractive

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AT&T (T)

dividend-stocks-t-stockAT&T (T) stock is down 9% since November 4. T stock has a lofty, yet reliable, current dividend yield of 5.6% and is a mainstay on the list of top dividend stocks. In the wake of the stock’s recent retreat, T is trading at just 12 times forward earnings.

From a business standpoint, there is a lot to like about AT&T. First, whatever the outcome of the Federal Communications Commission’s ongoing “net neutrality” battle, T stock is positioning itself to profit. Last month, the company announced a “sponsored data” plan, whereby businesses can pay for their customers’ access of broadband content like mobile video.

Also, T is teaming up with IBM (IBM) on the “Internet of Things” — combining their security, cloud capabilities and analytics platforms to jump-start Smart City initiatives. These new market opportunities have the potential to actually boost the performance of T stock over the next couple of years, too.

Article printed from InvestorPlace Media, http://investorplace.com/2014/02/5-battered-dividend-stocks-buy-now/.

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