AT (NYSE: T) pays a high dividend that yields 7.6%. At that level of payout, investors owning a little more than $13,100 in stock would collect $1,000 in annual dividend income. But when it comes to yields that high, there's often some risk, and that's no exception with At The risk for At is that the business may face some big expenditures related to lead-covered cables, and its financials haven't always been that great.

But there are reasons to feel better about AT and its dividend. Here's why the stock might be worth picking up right now, and why the dividend looks a whole lot safer.

On July 26, AT reported its second-quarter earnings, for the period ending June 30. And there were multiple positives to pull from it, including the following:

Continue reading

Source Fool.com