Can you hear me now?
Joel is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
In my previous post I went over my goal, plan, etc. See -> http://beta.fool.com/joelstiller/2012/10/24/beginning-journey-investing/15162/
One sector I knew I needed a piece of was cell phones. Everyone has one, everyone wants one. I read an article a few days ago talking about how Verizon Communications (NYSE: VZ) , and AT&T (NYSE: T) had to start "looking over their shoulder" for Sprint Nextel Corp. (NYSE: S). It gave me a good laugh, in my opinion they aren't even in the same race. The choice between AT&T (NYSE: T) and Verizon Communications (NYSE: VZ) however, required a bit of thought.
Here we have two solid companies, both at affordable stock prices, both offering good Dividend Yields.
AT&T (NYSE: T) - Div Yield - 5.08% , Price 34.47, Div 5Year Avg. 6.00%
Verizon Communications (NYSE: VZ) - Div Yield - 4.61%, Price 44.17, Div 5Year Avg 6.00%
So why did I go with Verizon over AT&T? Simple, Quality of Service. Happy Customers, are repeat Customers. I've had personal dealings with both companies, Verizon Communications (NYSE: VZ) is always a pleasure. AT&T (NYSE: T) on the other hand, has been a consistent nightmare. Whether it's customer service, phone reception, you name it. We are talking about a 20 year investment here, so while AT&T (NYSE: T) offers a .47% higher dividend yield right now. I believe Verizon is poised to be a better long term investment, and will do a better job keeping its customers. Thereby keeping it's revenue stream flowing and growing.
joelstiller has positions in Verizon Communications. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend AT&T.; Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.If you have questions about this post or the Fool’s blog network, click here for information.