How To Earn $500 A Month From AT&T Stock
Portfolio Pulse from AJ Fabino
AT&T CFO Pascal Desroches reiterated the company's full-year free cash flow target of $16 billion or more for 2023 at the Bank of America C-Suite Technology, Media and Telecommunications Conference. The company is tracking to over 300,000 postpaid phone net additions for Q2 and plans to deploy a generative AI tool for employees. AT&T's 6.97% dividend yield may be attractive for investors, despite its long-term stock price decline and considerable debt load.
June 20, 2023 | 5:50 pm
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NEUTRAL IMPACT
Bank of America hosted the C-Suite Technology, Media and Telecommunications Conference where AT&T CFO Pascal Desroches provided updates on the company's performance and strategies.
Bank of America's role in hosting the conference where AT&T provided updates is only tangentially related to the bank's stock performance. The news is unlikely to have a significant impact on Bank of America's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 25
RELEVANCE 25
NEUTRAL IMPACT
AT&T's 6.97% dividend yield may be attractive for investors, despite its long-term stock price decline and considerable debt load.
AT&T's high dividend yield may attract income-seeking investors, but the company's long-term stock price decline and debt load could offset potential gains. The stock's performance will depend on the company's ability to manage its debt and maintain its dividend payments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100