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.

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Source Fool.com