Is AT&T Still a Great Dividend Stock?
In 2021, AT&T (NYSE: T) decided to spin off its DIRECTV and WarnerMedia divisions to raise capital to reduce its massive debt. Many shareholders undoubtedly hoped it would save the dividend streak that had made it a Dividend Aristocrat.
Unfortunately for income investors, AT&T revealed last year that it intended to slash the payout despite the cash the company will receive from the spinoffs. Now, with the Dividend Aristocrat status lost, such moves understandably leave AT&T investors wondering whether AT&T is still a great dividend stock.
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Source Fool.com
