Looking for Passive Income? This Stock Pays You Almost 7% Just to Own It.
One of the hallmarks of a diversified portfolio is the inclusion of some dividend stocks. Luckily for investors, there are plenty of dividend-paying companies out there to choose from. They operate in different sectors and generate enough free cash flow to consistently reward shareholders.
One such company is telecommunications provider AT (NYSE: T). While AT faces intense competition from other telcos, perhaps bigger concerns linger around the company's high level of debt on the balance sheet. After cutting its dividend nearly in half in 2022, I think AT has shown some signs of improving liquidity. But unfortunately for shareholders, many have soured on the stock and sent it to near 30-year lows.
I see the stock as a bargain right now that can supplement your portfolio with some dividend income. Let's explore why.
Source Fool.com
