Shares of (NYSE: T) recently slipped about half a percentage point in response to first-quarter results that the telecom giant announced before the market opened on April 24.
First-quarter results exceeded Wall Street's expectations, and the company's 5G infrastructure attracted new customers and retained old ones better than its peers. It wasn't a quarterly report to write home about, but the company's ultra-high-yield dividend looks like it's on steady ground.
Before you rush out and fill your retirement account with AT shares, you should also know that this company slashed its dividend payout by 46% over two years ago. First-quarter results were encouraging, but management still hasn't told investors when it can begin raising its dividend payout again.
Source Fool.com