AT&T: I Am Not Hanging Up On This High Yielding Cash Cow

Summary

• AT&T has declined to the point where its dividend is now yielding over 6% again.
• AT&T has deleveraged its balance sheet by eliminating $39.67 billion of debt in 2022 and continues to make deleveraging a priority.
• AT&T continues to have a dark cloud over it, but with the amount of cash it generates and its user growth, eventually, the story should change.

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AT&T (NYSE:T) beat Q2 earnings on both the top and bottom line but dropped -$1.56 per share (-7.62%) due to its Free Cash Flow (FCF) outlook. T expects its full-year FCF to be $14B, down from a prior outlook of $16B. T just sold off because it's going

Analyst’s Disclosure:I/we have a beneficial long position in the shares of T, VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.