AT&T Inventory Approaches Key Help as Dividend Yields 7%

AT&T  (T)  inventory’s underperformance had been effectively documented even earlier than the 2022 bear market.

The inventory is down 45% over the previous 5 years, 44% over the previous 10 and 57% this century.

So what does everybody like about this firm? Clearly, the dividend. Till this 12 months, AT&T was a dividend star, having raised its payout for greater than 30 consecutive years. It usually had a giant yield, too.

That streak got here to an finish when the corporate just lately failed to lift its dividend, then spun off its media belongings in what grew to become Warner Bros Discovery  (WBD) .

Source link

Leave a Reply

%d bloggers like this: