Verizon (VZ 2.85%) and AT&T (T 1.17%) are now trading for price-to-earnings ratios under 10 and yielding over 7% from their dividends. Why are these stocks cheap and is there an opportunity for investors? Travis Hoium covers why the reward well outweighs the risk for these stocks.
*Stock prices used were end-of-day prices of Oct. 11, 2022. The video was published on Oct. 13, 2022.
Free Article
2 Stocks Yielding Over 7% That Are a Steal Today
By Travis Hoium
–
Updated Oct 13, 2022 at 2:10PM
NYSE: T
AT&T
Market Cap
$118B
Today's Change
(1.17%) $0.19
Current Price
$16.50
Price as of April 23, 2024, 4:00 p.m. ET
Unless people stop using smartphones, Verizon and AT&T have a brighter future than investors think.
Travis Hoium has positions in Verizon Communications. The Motley Fool has positions in and recommends Netflix. The Motley Fool recommends T-Mobile US, Verizon Communications, and Warner Bros. Discovery, Inc. The Motley Fool has a disclosure policy.
Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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