With its massive 5G network ready to launch, AT&T (NYSE:T) will play a critical role in the latest tech revolution. T stock suffered for years as declining business lines and intense competition weighed on the equity. But now with 5G wireless service beginning to appear, the company will play an increasingly critical role in the tech industry. So the rise of 5G combined with the low valuation of T stock could make AT&T stock compelling.
Of this new Big Three, no other company looks more favorable to investors than AT&T. Its dividend is the most attractive aspect of the stock, at least for income-oriented investors. As expected, T just approved its 34th consecutive annual dividend hike, bringing next year’s annual payout to $2.04 per share and taking the yield above 7.2%. AT&T is considered a “dividend aristocrat.” In order to be placed in the “dividend aristocrat” category, companies must have increased their payouts annually for at least 25 years. If a “dividend aristocrat” doesn’t increase its payout one year, its stock will drop sharply.
Source: InvestorPlace
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