AT&T Stock Approaches Key Support as Dividend Yields 7%

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AT&T  (T)  inventory’s underperformance were neatly documented even sooner than the 2022 bear market.

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

So what does everybody like about this corporate? Clearly, the dividend. Until this yr, AT&T was once a dividend superstar, having raised its payout for greater than 30 consecutive years. It steadily had a large yield, too.

That streak got here to an finish when the corporate not too long ago failed to lift its dividend, then spun off its media assets in what become Warner Bros Discovery  (WBD) .

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