AT&T stock nears key support as 7% dividend yield

AT&T stock nears key support as 7% dividend yield

AT&T (T) The stock’s underperformance was well documented even before the 2022 bear market.

The stock is down 45% over the past five years, 44% over the past 10 and 57% this century.

So what does everyone like about this company? Clearly, the dividend. Until this year, AT&T was a dividend star, having increased its payout for more than 30 consecutive years. It was also often highly effective.

That streak ended when the company recently failed to raise its dividend, then spun off the media into what became Warner Bros. Discovery (WBD) .

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