Reported 13 days ago
With the Federal Reserve's recent interest rate cut, retirees may seek higher-yield investments. AT&T, a well-known telecom stock, has restructured after struggling with debt and cutting its dividend. The current dividend yield stands at 5.1%, making it appealing compared to declining savings account rates. Analysts predict modest earnings growth, which may allow for future dividend increases. Despite past volatility, AT&T's stability and consistent payouts could be suitable for income-focused retirees.
Source: YAHOO