Despite strong gains for the broader market this year, AT (NYSE: T) stock continues to struggle. The company's share price is down nearly 19% so far in 2023. With the stock trading at low earnings multiples and offering a big yield, shares may be looking attractive for income-seeking investors on the hunt for deep value plays. But even investors who are hungry for great dividend plays should consider metrics beyond price-to-earnings ratios and dividend yield before going all in on this telecom giant. 

The chart below uses data provided by New Constructs and tracks the progression of AT's return on invested capital (ROIC) against its weighted average cost of capital (WACC). Check out the progression and read on for a closer look at what these two metrics might mean for this beaten-down, high-yield dividend stock. 

Image source: The Motley Fool.

Continue reading

Source Fool.com