3 Rock-Solid Income Stocks
There's no reason to get fancy when picking income stocks. Some great blue-chip names are well priced and will deliver year after year, notes Richard Lehmann in Income Securities Investor.
AT&T (T) is a communications holding company. Through its subsidiaries and affiliates, they are the leading US provider of local and long distance voice services, manage the nation’s largest Wi-Fi network (based on branded and operated sites) with nearly 30,000 AT&T Wi-Fi Hot Spots—including locations in all 50 states—and operate the nation’s fastest mobile broadband network with the largest international coverage of any US wireless carrier.
Their service offers voice coverage in more than 225 countries, data roaming in more than 205 countries, and mobile broadband in more than 145 countries.
AT&T is the only US national service provider to offer a 100% IP-based television service with AT&T U-verse TV. They recently launched the first integrated Wireless Receiver, which lets customers move and watch their TV virtually anywhere in the home.
For the third quarter of 2012, the company reported revenue of $31.46 billion with net income of $3.64 billion. AT&T posted revenues for the same period in 2011 of $31.5 billion and net income of $3.62 billion. The high dividend on this stock appears safe, thus making it a good choice for all risk levels.
Altria Group (MO)
This is the parent company of Philip Morris USA, US Smokeless Tobacco Company, John Middleton, and Philip Morris Capital Corporation.