Should Retirees Worry About AT&T's Dividend?

U.S. telecom company AT&T (NYSE: T) is a popular dividend stock, especially for retirees who look to the company for its utility-like stability and a generous dividend that yields a whopping 7.4% today.

But it's not all roses: AT&T recently slashed its outlook for cash profits in 2022. What's more, the stock's colossal yield might have some wondering whether the company can afford its dividend. 

I've taken a fresh look at AT&T's business following this news to see what dividend investors should expect. You don't want to miss this.

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Source Fool.com