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.

Austin Smith and Andrew Tonner own no shares of the companies listed above. The Motley Fool owns shares of Telefonica. 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.