Verizon Communications Inc. (NYSE:VZ) is one of three companies controlling the wireless market in the US. In addition, the company has a strong presence in broadband with its FiOS service. After AT&T’s (NYSE:T) recent missteps with significant acquisitions, a dividend cut, and change in strategic direction, Verizon is arguably the better dividend stock to own. The company focuses on providing wireless and broadband services. Furthermore, the dividend yield is high at about 4.9%, and the stock is a Dividend Contender. The stock is trading at a very reasonable valuation of approximately 9.6X. I…