Telecom giant AT (NYSE: T) has been through a lot in recent years.
The company's foray into entertainment media operations ended with the spinoff of WarnerMedia to create the new Warner Bros. Discovery (NASDAQ: WBD) company. AT has been losing broadband customers in every recent quarter, but postpaid wireless contracts and Internet of Things connections are picking up speed. And Ma Bell's dividend yield is a beefy 7.5% -- but that's a far cry from the double-digit yield seen in 2021 and 2022.
Meanwhile, AT's stock is down by 32% from the all-time highs of early 2020, all measured in dividend-adjusted total returns. Without the boost from reinvested dividends, this stock has offered negative returns of 67% since its peak in 1999.
Source Fool.com