This dividend company could become a giant investor trap. What to watch out for?
The telecom sector has long been popular among dividend investors. Especially because of its high and regular dividend and also because of the relatively stable nature of the business. But one player is in trouble.
AT&T Inc. is an American telecommunications and media company that provides a wide range of services such as mobile and fixed-line services, broadband internet, cable TV, streaming services, next-generation network development and research, and enterprise IT solutions.
The company has roots in a company founded in 1885 called American Telephone & Telegraph, which built and operated the first telephone networks in the United States. Today, AT&T has over 100 million mobile customers and provides landline service to 22 million homes. It also has a strong position in the entertainment and media industry due to its association with media companies such as HBO, Warner Bros. and CNN.
AT&T not only focuses on providing services to end customers, but a significant portion of its…
It doesn't look bad now. Might be good to start a position :)
I've said from the beginning that the market was going crazy and this was just the perfect buying opportunity 🤷♂️