AT&T Stock Nears Major Support As Dividend Yield 7%

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

The stock has fallen by 45% in the past five years, by 44% in the past 10 years and by 57% this century.

So what does everyone like about this company? The dividend is clear. Until this year, AT&T was a star when it comes to dividends, increasing payouts for more than 30 consecutive years. It also often had a large yield.

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That streak came to an end when the company was recently unable to raise its dividend and then spun off its media assets into what became Warner Bros Discovery. (WBD) .

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