AT&T Inc. has had a rough go with major competition concerns. The revenue number, key customer metrics, and earnings were better than expected. The T outlook was further positive.

Rising bond yields have knocked down popular dividend stocks, but not every pullback offers an attractive buying opportunity. I detail a deeply discounted Dividend King that combines an attractive yield and dividend growth profile with a strong balance sheet and durable moat. I also discuss a popular dividend machine that appears likely to generate disappointing dividend growth for the foreseeable future.