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AT & T’s share price fell towards its 11-year low as dividend yields were even higher than 8%.

AT & TInc.Stocks
NS,
-0.45%

Trading fell 0.6% on Wednesday afternoon, hitting the longest losing streak of the year and the lowest since July 2010. Stock prices have fallen 7.5% in the last six sessions. The longest loss period since the 9-day loss streak that ended on October 21, 2020. The sale raised AT & T’s implicit dividend yield to 8.23%, making it the second highest-yielding stock on the S & P 500.
SPX,
+ 0.25%
,
Fellow telecommunications company Lumen Technologies Inc.Just below
Lamb,
+ 0.29%

8.27% yield. This is compared to the S & P 500’s implicit yield of 1.39%. AT & T shares sold Growing Investor Concerns About Competition Increased overspending by cable companies and telecommunications companies to build their fiber networks. Shares of AT & T’s rival Verizon Communications Inc.
VZ,
-0.19%

Trading fell 0.3% on Wednesday afternoon, trading towards the fifth consecutive loss and lowest closing since March 2020, but the implicit dividend yield was pushed up to 5.00%.

AT & T’s share price fell towards its 11-year low as dividend yields were even higher than 8%.

Source link AT & T’s share price fell towards its 11-year low as dividend yields were even higher than 8%.

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