AT&T (NYSE: T) reported earnings this week, and while there was steady growth, a high dividend yield, and strong cash flow, the company continues to pay the price for previous investments. Travis Hoium, Jason Hall, and Jon Quast discuss the company's operations and why they're hesitant to buy the stock.
Those looking at AT&T (NYSE: T) stock for the passive income that its dividend provides will be pleased to see the key highlights coming out of its most recent quarter. Stock prices used were the afternoon prices of Jan.
The wireless business is AT&T's (NYSE: T) main source of revenue and profits, but the company's fiber business shouldn't be ignored. AT&T is in the process of building out its fiber network across the United States, an expensive proposition that has taken time to pay off. AT&T added 1.2 million fiber subscribers during 2022, boosting its total to 7.2 million.