Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Dividend Stock Is a Safe Bet Regardless of Market Conditions

TheMotleyFool

0 0

This Dividend Stock Is a Safe Bet Regardless of Market Conditions: https://g.foolcdn.com/editorial/images/722232/walking-headphones-using-mobile-phone.jpg

It hasn't been the best few years for AT&T (NYSE: T), with the stock down close to 30% over the past five years, but brighter days seem to be ahead. After what can only be explained as an all-but-failed attempt at entering the media and entertainment industry, AT&T finally spun off its WarnerMedia business last year. And investors seem pleased, with the stock up over 9% in the past 12 months.

The $43 billion spinoff caused AT&T to slice its dividend in half, yet it's still one of the better dividend values at $1.11 per share. With a trailing dividend yield -- the average dividend yield over the past 12 months -- of over 5.7%, there's little to dislike about it.

Source Fool.com

Like: 0

Share