10 Dividend Stocks That Rule the Dow

#1 Dow Dividend Stock- AT&T (T)

Market Cap: $164 billion
Annual Dividend: $1.72
Yield: 6.1%

With a 6.1% dividend yield, AT&T (NYSE: T) comes in at No. 1 on the list. AT&T has been rewarding shareholders with a dividend since 1984, the same year as its biggest competitor and No. 2 on this list, Verizon. AT&T’s stock has not fared as well as the competition, however, and is down 6%, year-to-date.

Additionally, analysts are projecting EPS to be down 1 cent this quarter, compared to last year. While AT&T’s stock performance hasn’t wowed investors this year, its continually high dividend yield eases some of shareholders’ worries.

The company just announced plans to buy T-Mobile in a $39 billion deal, which, if approved, would create the largest cell phone company in the United States. (See 5 Shockwaves Caused by AT&T – T Mobile Deal.)