2024-04-25 06:51:00 ET
Shares of AT&T (NYSE: T) recently slipped about half a percentage point in response to first-quarter results that the telecom giant announced before the market opened on April 24.
First-quarter results exceeded Wall Street's expectations, and the company's 5G infrastructure attracted new customers and retained old ones better than its peers. It wasn't a quarterly report to write home about, but the company's ultra-high-yield dividend looks like it's on steady ground.
Before you rush out and fill your retirement account with AT&T shares, you should also know that this company slashed its dividend payout by 46% over two years ago. First-quarter results were encouraging, but management still hasn't told investors when it can begin raising its dividend payout again.
For further details see:
Is AT&T a Buy Now?