2024-01-05 05:25:00 ET
One of the hallmarks of a diversified portfolio is the inclusion of some dividend stocks. Luckily for investors, there are plenty of dividend-paying companies out there to choose from. They operate in different sectors and generate enough free cash flow to consistently reward shareholders.
One such company is telecommunications provider AT&T (NYSE: T) . While AT&T faces intense competition from other telcos, perhaps bigger concerns linger around the company's high level of debt on the balance sheet . After cutting its dividend nearly in half in 2022, I think AT&T has shown some signs of improving liquidity . But unfortunately for shareholders, many have soured on the stock and sent it to near 30-year lows.
I see the stock as a bargain right now that can supplement your portfolio with some dividend income . Let's explore why.
For further details see:
Looking for Passive Income? This Stock Pays You Almost 7% Just to Own It.