3 High-Yield Stocks at Rock-Bottom Prices
AT&T (NYSE: T), Altria Group (NYSE: MO), and ExxonMobil (NYSE: XOM) have all seen their share prices decline significantly over the last half-decade while the S&P 500 has nearly doubled. The question investors need to ask themselves is whether these high-yielding stocks at rock-bottom prices represent bargains, or if dividend cuts and further price depreciation are on the horizon?
Let's take a closer look and see if we can answer that question about these three high-yield dividend-paying stocks.
AT&T took on a mountain of debt to finance its $48.5 billion acquisition of DIRECTV in 2015 and its $85 billion deal to buy Time Warner in 2018. The purchase of DIRECTV turned out to be a mistake. Subscribers of the combined cable and satellite business fell from 26 million in mid-2015 to less than 19 million by March 2020.
Source Fool.com
