The Top 10 S&P 500 Dividend Stocks for June

The S&P 500 may have crossed 1900 for the first time ever, but these stocks still have impressive yields despite new highs

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Top S&P 500 Dividend Stocks #6 – AT&T (T)

ATTnewlogo692014 The Top 10 S&P 500 Dividend Stocks for JuneT Dividend Yield: 5.3%

Telecommunications are another sector to look at for generous dividend stocks, even if telcos are making the headlines recently for industry consolidation.

As expected, AT&T (T) offered to buy DirecTV (TV), which will go through pending regulatory approval. The deal was necessary to fend off competition from Comcast’s (CMCSA) plan to acquire Time Warner Cable (TWC).

A gusher of free cash flow makes is easy for T to make a nearly $50 billion acquisition and pay out very high dividends. Indeed, the blue chip always makes the list of top payers in the S&P 500, and is the No. 1 among dividend stocks in the Dow Jones Industrial Average.

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