The following video is part of our "Motley Fool Conversations" series, in which, Andrew Tonner, technology editor and analyst, and Austin Smith, consumer-goods editor and analyst, discuss topics around the investing world.

In today's edition, they discuss how Telefonica recently cut its dividend and is now 12.8%. This move is indicative of larger weaknesses inside the company. Contrast this trend to AT&T, which recently raised its dividend and is enjoying its role among the dividend aristocrats.

If you're interested in Telefonica or AT&T on your quest for great dividend-paying stocks, The Motley Fool has compiled a special free report outlining our 11 favorite, dependable dividend-paying stocks. It's called "Secure Your Future With 11 Rock-Solid Dividend Stocks." You can access your complimentary copy today at no cost! Just click here to discover the winners we've picked.