Is AT&T Still a Dividend Aristocrat?
AT&T (NYSE: T) offered up a well-received quarterly report last week. There was strength in the segments that matter the most (wireless and HBO Max), and the telco behemoth is making headway in cutting loose some of its fading and noncore businesses.
However, once again we didn't see AT&T move to increase its dividend. After 34 consecutive years of hikes, we've now seen two quarterly reports without a hike. This is notable because the company has historically boosted its cash distributions to shareholders in January. Is AT&T going to push the streak to 35 years with a surprise announcement in the second half of this year, or is this the end of the line for a Dividend Aristocrat?
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Source Fool.com
