Is The AT&T Dividend Safe?

Bloomberg West had a great interview with the Oracle Investment Research Chief Market Strategist Laurence Balter discussing the huge debt loads at AT&T (T). The company now has $61B in debt and the lowest cash balances in years. See the video below:

This blog has pointed out similar concerns with the balance sheets and dividend payouts of AT&T and Verizon (VZ) numerous times. These companies should be paying down debt instead of paying out cash to shareholders.

Disclosure: No positions mentioned. Please review the disclaimer page for more details. 



Popular posts from this blog

Kohl's: Worth $75 Without Financial Engineering

Stat of the Day: Leading Indicators Jump Again

Out Fox The $treet - December 13, 2019