TBC - Is AT&T Or Verizon The Better Dividend Stock After Q1 2024 Earnings?

2024-04-25 09:56:17 ET

Summary

• Both the AT&T Inc. and Verizon Communications Inc. stocks have continued to demonstrate strong correlation to movements in long-end Treasury, with their yield differentials maintained at historical levels following Q1 results.
• Yet, coming out of the latest earnings season, both telco giants have exhibited characteristics of continued improvements in their underlying business fundamentals through 2024.
• This continues to build a case for double-dipping into competitive yields and fundamental-driven long-term upside potential for income-focused investors at AT&T and Verizon.

Since our last coverage , both AT&T Inc. ( T ) and Verizon Communications Inc. ( VZ ) stocks have continued to demonstrate close correlation to movements in long-end Treasury yield, as expected. Specifically, both stocks have maintained a consistent yield differential of about three points on a relative basis to U.S. 10-year Treasury yield (US10Y) at current levels....

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