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. What's more, the stock's colossal yield might have some wondering whether the company can afford its dividend. Why is AT&T struggling?
Maybe Rupert Murdoch and AT&T knew what they were doing all along. In recent years both have curtailed their Hollywood ambitions. The pair sold entertainment assets to buyers keen to do battle in the content streaming wars.
For example, the three companies we are going to focus on today each offer stock trading at under $20 per share, are among the leaders at what they do, and have long-term growth opportunities. AT&T (NYSE: T) is a telecom company that operates the largest wireless network in the United States. Consumers have come to rely so much on their smartphones that they will prioritize paying their smartphone bills right up there with buying groceries and putting gas in their cars, making AT&T a utility-like stock in terms of revenue generation and one that investors can depend on.