AT&T Is a core blue-chip income investments for millions of portfolios.
The stable business models make them excellent bond alternatives.
However, the way Wall Street is valuing these two dividend legends currently is absurd.
Learn all the reasons why AT&T is an obviously better choice and, in fact, why no one should own Verizon in lieu of Ma Bell.
Big telecom companies like AT&T (NYSE:T) and Verizon (NYSE:VZ) are viewed as high yield utilities and strong bond alternatives, and for good reason.
After all, these are subscription-based businesses generating gobs of recurring revenue and securing yields north of 5%, compared to a 10-year Treasury yield of just north of 2%. In addition, both have very low volatility and make for solid core holdings for conservative retiree portfolios.