VZ vs T: What's the Better Long-Term Play?

Core Viewpoint - The article compares AT&T and Verizon Communications as high-yield dividend stocks, highlighting that while both are value stocks with solid dividends, Verizon is positioned as the better long-term investment due to its growth potential and stability [1]. Company Performance - AT&T's stock has increased by nearly 7% year-to-date as of December 17, 2025, while Verizon's stock has only risen by 2.23% in the same period [4]. - Over the past five years, AT&T's stock has appreciated by almost 9%, contrasting with Verizon's decline of more than 31% [4]. Financial Metrics - Verizon's current market capitalization is $168 billion, with a dividend yield of 6.84% and a gross margin of 46.08% [5][6]. - AT&T's market capitalization stands at $171 billion, with a dividend yield of 4.60% and a gross margin of 42.70% [7][6]. Dividend Stability - Verizon has a more reliable dividend, currently at $0.69 per quarter, and has increased its dividend for 19 consecutive years [6]. - In contrast, AT&T cut its dividend in 2022 and has not raised it since [6]. Competitive Position - Verizon is recognized for its superior balance sheet and higher revenue, along with being a leader in 5G network reliability [6][8]. - Verizon's focus on subscriber growth and fewer distractions positions it favorably against intense competition [9].