Core Viewpoint - Verizon has shown strong performance with a 33% increase in shares since late 2023, outperforming the S&P 500's 20% rally, indicating potential for continued investment opportunities [1] Group 1: Investment Strategy - Verizon has heavily invested in 5G and fiber networks to compete with rivals, which initially raised concerns about its balance sheet and dividend sustainability due to increased leverage [2] - The investments have started yielding results, with over 1 million new postpaid mobile and broadband subscribers added in Q4, marking the best quarterly performance in over a decade [3] Group 2: Financial Performance - Verizon's profitability and free cash flow have improved as capital spending declined, allowing for significant excess free cash flow after dividends, which has been used to reduce debt, lowering leverage from 2.6x in 2023 to 2.3x [3] - The company anticipates continued growth into 2025 and beyond, with capital investments expected to drive organic revenue and earnings growth [4] Group 3: Valuation and Future Potential - Verizon is pursuing a $20 billion all-cash acquisition of Frontier Communications to expand its fiber network, indicating strategic growth initiatives [4] - Despite the stock price rally, Verizon trades at less than 10 times its forward P/E ratio, representing a more than 50% discount compared to the S&P 500, making it an attractive investment opportunity [4][5]

Core Viewpoint - AT&T is viewed as a stable investment option in an unstable market, with a significant stock rally of 60% over the past year compared to a 6% rise in the S&P 500 [1] Group 1: Company Restructuring and Financial Performance - AT&T divested from low-margin and unprofitable media assets like DirecTV and Time Warner, allowing it to focus on its core 5G wireless and fiber broadband businesses while reducing debt [2] - In 2023, AT&T added 1.7 million net postpaid phone subscribers and 1.1 million net fiber subscribers, with free cash flow (FCF) increasing by 19% to $16.8 billion, covering $8.1 billion in dividends [3] - For 2024, AT&T expects to add 1.7 million net postpaid phone subscribers and 1 million net fiber subscribers, with FCF growing 5% to $17.6 billion, comfortably covering $8.2 billion in dividends [3] Group 2: Market Position and Future Outlook - AT&T is considered a safe haven stock amid inflation and high interest rates, with a current dividend yield of 3.9% [4] - For 2025, AT&T anticipates mobility service revenue growth at the higher end of 2% to 3%, consumer fiber broadband revenue growth in the mid-teens, and consolidated service revenue growth in low single digits [5] - The company expects to generate over $16 billion in free cash flow and adjusted EPS between $1.97 to $2.07, with adjusted EBITDA projected to grow by at least 3% [6] Group 3: Debt Management and Valuation - AT&T plans to reduce its net-debt-to-adjusted-EBITDA ratio from 2.7 at the end of 2024 to 2.5 in the first half of 2025 while increasing investments in wireless and fiber networks [7] - Analysts project AT&T's revenue and adjusted EBITDA to grow at compound annual rates of 1.5% and 3.2% from 2024 to 2027, with an enterprise value of $314.7 billion [8] - AT&T is trading at 6.9 times this year's adjusted EBITDA, which is competitive compared to Verizon's 6.5 times, despite Verizon offering a higher dividend yield of 6% [8] Group 4: Investment Consideration - AT&T is seen as a worthy investment due to its insulation from tariffs, attractive dividends, and low valuations, making it a safe option for income generation [9]

Core Viewpoint - Vici Properties is a leading real estate investment trust (REIT) specializing in gaming real estate, with a strong portfolio and growth potential despite a challenging interest rate environment [1][3]. Group 1: Company Overview - Vici Properties owns 54 gaming properties, including iconic locations on the Las Vegas Strip such as Caesars Palace, MGM Grand, and The Venetian [1]. - The portfolio includes over 60,000 hotel rooms, 4.2 million square feet of gaming space, 6.7 million square feet of meeting space, and more than 1,000 food, beverage, and retail outlets [2]. Group 2: Business Strategy and Growth Potential - Vici has a solid lease quality, with an average lease term of 41 years and 90% of leases protected from inflation [4]. - The company is expanding into non-gaming experiential real estate, having made its first major non-gaming acquisition in 2023 with Bowlero bowling centers [5]. - Vici has the right of first refusal to acquire additional Las Vegas Strip properties and regional assets from Caesars [6]. Group 3: Financial Performance and Capital Allocation - Vici has a strong track record of adding value through acquisitions, including its purchase of MGM Growth Properties and The Venetian, which has increased per-share funds from operations [7]. - The company has consistently raised its dividend since its IPO, supported by excellent capital allocation [8]. Group 4: Adaptation to Market Conditions - Despite a high-interest environment, Vici has continued to grow by leveraging elevated interest rates to make financing investments [9]. - The company issued debt at a 4.75% interest rate and has financed new property constructions, such as a Margaritaville resort, at higher yields [10][11]. - Vici's financing deals often include the right to acquire the financed properties, creating a growth pipeline for future opportunities [12]. Group 5: Conclusion - Vici Properties boasts a high-quality asset portfolio, a strong balance sheet, and a management team with a proven record of smart capital allocation, positioning it well for future growth and benefiting from potential falling interest rates [13].

Group 1 - The article discusses the investment group The Dividend Kings, which aims to help investors safeguard and grow their money through high-quality dividend investments [2] - The team of analysts associated with The Dividend Kings provides resources such as model portfolios, buy ideas, and company research reports to assist members in making informed investment decisions [2] - The article emphasizes the importance of intelligent investing in dividend stocks, highlighting the community aspect where readers can learn from each other [2] Group 2 - The article includes a disclosure stating that the author has a beneficial long position in shares of companies like BAM, AMZN, and NVDA, indicating a vested interest in these stocks [2] - It clarifies that the opinions expressed may not reflect those of Seeking Alpha as a whole, and that the analysts involved may not be licensed or certified by any regulatory body [3]

Core Viewpoint - AbbVie is considered an attractive investment opportunity due to its strong dividend yield and growth potential in the pharmaceutical sector [4]. Group 1: Investment Considerations - To receive $1,000 in annual dividend income from AbbVie, an investor would need to purchase 152 shares at a current price of $212 per share, totaling an investment of $32,224 [2]. - AbbVie has a current annual dividend of $6.56 per share, which has been increasing annually, suggesting potential for future income growth [3]. - Diversification is recommended, as investing heavily in a single stock like AbbVie may expose investors to higher risk [3]. Group 2: Company Overview - AbbVie, spun off from Abbott Laboratories in 2013, has a market value of approximately $380 billion and operates in various therapeutic areas including immunology, oncology, aesthetics, neuroscience, and eye care [4]. - The company has recently entered the weight loss drug market, which has generated excitement among investors, alongside its attractive dividend yield of 3.1% that has grown at an average annual rate of 7% over the past five years [5]. - Concerns exist regarding the potential income loss from the expiration of patent protections for major drugs like Humira, although AbbVie has new drugs that are performing well in the market [5].