The following video is part of our "Motley Fool Conversations" series, in which Motley Fool senior editors Austin Smith and Andrew Tonner talk about their favorite stocks.

In today's edition, Austin and Andrew take the gloves off and go for an industry smackdown with industries known for their high dividend yields. It's probably no surprise that we're talking tobacco and telecom. In today's video, you'll hear about dividend kings such as Altria, CenturyLink, and AT&T. Each industry is faced with its own unique obstacles, so watch our take on which industry comes out on top.

Neither Austin Smith nor Andrew Tonner owns any shares of the companies mentioned here. The Motley Fool owns shares of Altria Group. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.