AT (NYSE: T) currently pays a dividend that yields 6.4%. That's more than four times the S 500 average of around 1.5%. While it does offer a mouthwatering payout for income investors, there's the obvious concern of whether it is sustainable. And those fears may have been heightened recently after the company posted earnings results that came in below analysts' expectations.

Should investors be concerned about the safety of AT's dividend?

On Jan. 24, AT released its fourth-quarter and full-year results for 2023. For the last three months of the year, AT posted adjusted earnings per share (EPS) of $0.54, which not only missed analysts' expectations for $0.56 in EPS but was also lower than the company's $0.61 adjusted per-share profit in the prior-year period.

Continue reading

Source Fool.com