AT&T Stock Approaches Key Support as Dividend Yields 7%

AT&T  (T)  stock’s underperformance had been well documented even before the 2022 bear market.

The stock is down 45% over the past five years, 44% over the past 10 and 57% this century.

So what does everyone like about this company? Clearly, the dividend. Until this year, AT&T was a dividend star, having raised its payout for more than 30 consecutive years. It often had a big yield, too.

That streak came to an end when the company recently failed to raise its dividend, then spun off its…

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