AT&T Is a Top Dividend Stock for 2015: Dave Peltier

Portfolio Manager David Peltier highlights AT&T (T) as one of his top dividend stocks for 2015. The leading telecom service provider fell fractionally in 2014, but offers a solid 5.6% dividend yield. The company yields nearly 1 percentage point higher than its top competitor, Verizon (VZ). AT&T has increased its payout 30 consecutive years and the dividend can steadily increase along with underlying earnings. Competition is heating up in the wireless business, but it will likely continue to be a key growth driver for the industry In addition to the dividend, Peltier believes the stock can move up toward the mid-$30's in the new year.