Better Dividend Stock: AT&T vs. IBM
AT&T (NYSE: T) and IBM (NYSE: IBM) both underwent dramatic transformations over the past year. AT&T divested DirecTV, merged WarnerMedia with Discovery to create Warner Bros. Discovery (NASDAQ: WBD) , and sold many of its non-core assets to prioritize the growth of its core telecom business. IBM spun off its sluggish managed IT services unit as Kyndryl (NYSE: KD) and focused on expanding its higher-growth hybrid cloud and AI services instead.
Both companies billed those transformations as fresh beginnings for their aging, cluttered, and slow-growth businesses. However, IBM's stock has only risen 5% since it closed its spin-off of Kyndryl last November. AT&T's stock has declined about 15% since it spun off its WBD shares this April.
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Source Fool.com
