Long commutes to and from work, exorbitant childcare costs, ongoing concerns over exposure to Covid cited
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.