If you're looking to generate passive income, AT&T's stock provides a healthy dividend payment.
Smartphones have become a necessity, and that's good news for telecom giants AT&T and Verizon. If you're a risk-averse dividend investor who wants to cut your exposure to the state of the economy, the telecom giants may not be the best choice. A better choice is American Tower (NYSE: AMT), which just hiked its quarterly dividend by 6.1%.
The industry is coming to terms with the fact that its services aren't nearly as marketable as expected by this point.