This bullish stock market is like a wave; it brings all the
garbage to the top of the ocean.
Many companies enjoy the ride while doing nothing to
acknowledge their price going up, and AT&T is one of them.
A juicy yield and a stellar dividend growth history is
masking T’s weaknesses.
AT&T (T) doesn’t need presentation. It is the largest
telecom in the world by revenue. With over $160 billion in revenue, a 5%+
yield, and 33 years with consecutive dividend increases, the big T is a
favorite among income seekers. Really, what’s not to love?
Unfortunately, we can say that the stock performance hasn't
impressed anyone in the past 5 years. Even by including its juicy payout, T is
behind the market by 60%:
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