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Top 10 Dow Dividend Stocks for November

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#1: AT&T (T)

AT&T-T-stock-dividend-stocksDividend Yield: 5.1%
YTD Performance: +5.4%

As we noted recently, the reigning income champ of the Dow Jones Industrial Average has a large enough payout to also land it among the highest-yielding dividend stocks in the S&P 500.

AT&T’s (T) stock hasn’t done much this year — it’s up just 5.4% — but again, you don’t own a telecom for its price performance. Valuation isn’t bad, either, as shares are essentially in line with their own five-year average on a forward earnings basis.

T’s not cheap, but neither does it look particularly expensive.

AT&T hasn’t given up on growth either. The telecom giant has made no secret of its desire to do a big deal in Europe. So don’t be surprised if at some point — maybe soon — AT&T makes a huge acquisition splash across the pond.

Until then, enjoy its 5%-plus payout.

Read More: 5 Hidden Dividend Gems to Buy

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Article printed from InvestorPlace Media,

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