Could AT&T Cut Its Dividend?
AT&T (NYSE: T) is a very popular stock among retirees and income investors. As one of the three biggest mobile wireless carriers in the country, the company has traditionally enjoyed a large, profitable, and recurring revenue base from "sticky" phone plans. Many thus consider it to be a safe-haven stock.
However, over the past decade, the wireless market became saturated. In response, prior CEO Randall Stephenson made several large acquisitions in the media space, with the $49 billion acquisition of DIRECTV in 2015 and then the $85.4 billion acquisition of Time Warner in 2018.
Source Fool.com
