This article was originally published on ETFTrends.com.
By Robert Ross via Iris.xyz.
The first generation of wireless—called 1G—rolled out in the 1980s. The only thing you could do with it was make a phone call. And the call quality rivaled that of two tin cans connected by a string.
Since then there’s been a new generation of wireless tech about every 10 years. 1G gave way to 2G, then 3G and 4G—each generation faster and more reliable than the last.
Now we’re arriving at 5G. The rollout should be complete around June 2020.
This new technology will let phones and computers communicate 1,000X faster than 4G. It will also make everything from self-driving cars to remote surgery possible.
As with any new technology, investors are clamoring for the “best” way to profit from this trend. That means different things for different people…
The Safest Way to Profit from the 5G Revolution
Some investors are looking for that “moonshot” stock. You know, the one that might quickly shoot up 100% or more.
Of course, those kinds of wins are great. If one of my stocks shoots up 100%, I’m thrilled.
But let’s face it, they’re called moonshot stocks for a reason: They’re not all that safe. You might make a lot of money. But you might lose a lot of money, too.
That’s not what I’m after.
Instead, we’re focused on safe and reliable dividend-paying stocks. But that doesn’t mean we have to sit on the sidelines.
That’s where telecom giant AT&T (T) comes in…
The First Company to Roll Out 5G
AT&T is the second-largest wireless carrier in the US.
It was also the first provider to start rolling out 5G technology. The company expects to complete its 5G nationwide network in 2020.
AT&T will also directly benefit as other wireless providers roll out 5G.
See, around a third of Americans are AT&T customers. And all of their data will be transferred on the company’s infrastructure. So the more data transferred—the more people call, text, download YouTube videos, and do the thousands of other things we now do on our phones—the more money AT&T will make.
But that’s not the only reason to like AT&T, especially if you’re an income investor.
First off, AT&T pays a huge 6% dividend yield. That’s over three times the dividend yield on the S&P 500.
It’s also part of an elite group called the Dividend Aristocrats. These are companies that have increased their dividends for at least 25 consecutive years.
AT&T has increased its dividend 34 years in a row now. That’s incredible. In fact, only 40 companies in the S&P 500 have raised their dividends longer and more consistently than AT&T.
Read the full article at Iris.xyz.
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