Why AT&T Is a Dividend Investor's Dream
AT&T (NYSE: T) has long struggled to connect with investors. For years, the stock has stagnated as increased competition, high costs, and an evolving marketplace took a toll on company revenue.
However, these challenges help AT&T shine for one specific type of stockholder -- the dividend investor. The dividend stock includes a generous payout poised to move higher. Moreover, as it reclaims some market power through 5G, AT&T's growth should not only help income investors, but it could also begin to offer better stock performance.
AT&T's current dividend stands at $2.08 per share, giving new buyers a yield of more than 7%. Moreover, AT&T has hiked the payout for 35 straight years, making it a Dividend Aristocrat.
Source Fool.com
