AT&T Stock Just Proved Why It's One of the Best Dividend Stocks to Own Right Now
Consumers have virtually no shortage when it comes to telecommunications providers. Whether it's Verizon, T-Mobile, or AT (NYSE: T), people are barraged with a recurring carousel of commercials filled with celebrities and catchy jingles. These marketing tactics can make it challenging to discern one company's product offerings over another. Luckily, investors are privy to the underlying trends of these operations and get a glimpse into the performance of the business during earnings season.
AT is gaining momentum across 5G mobility and fiber infrastructure, helping the company reduce net debt and increase free cash flow. In turn, the company's management remains committed to rewarding shareholders with its generous dividend.
Despite this progress, AT stock has been no stranger to gloomy investor sentiment for the last several years. In fact, the stock is trading near its lowest level in nearly three decades. While this doesn't look like a great picture, I think there are several reasons to believe that AT stock is worth a second chance. Let's dig in.
Source Fool.com
