Did AT&T cut its dividend before?

Yes, AT&T cut its dividend in 2022, but now has strong cash flow supporting the current payout.

What is AT&T's dividend yield?

The yield is high, but the exact figure was not provided in the article.

AT&T: Cash Flow Strength Makes It a Safe Haven for Retirees

Four years after slashing its dividend, AT&T (T) has transformed into a cash flow machine, making its current distribution one of the safest high yields in the large-cap universe, according to 24/7 Wall St. The stock trades at a forward P/E of sub-8x.

July 2, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

forward pe

sub-8x

yield

high single digits (estimated)

When a former Dividend Aristocrat cuts its payout, the market remembers. But four years on, AT&T (NYSE:T) has built a cash flow machine that, in the view of analysts, makes its current distribution one of the safer high yields in the large-cap universe. The stock trades at a forward earnings multiple of sub-8x and offers a high dividend yield.

Recommendation Change

The article does not report a specific analyst rating change; it is an analysis from 24/7 Wall St. presenting a positive view on the stock for retirees.

Analyst Rationale

The analysis highlights that AT&T has successfully built strong cash flow after its 2022 dividend cut, making the current dividend more sustainable. The stock's forward P/E of less than 8x is low relative to the market average, providing a margin of safety. The high dividend yield makes it attractive for income-seeking investors.

Context

No other analyst opinions are mentioned. Recent stock performance is not provided.

Conclusion

The analysis offers a neutral-positive view of AT&T as a retirement investment, focusing on cash flow strength and high yield, without making an explicit buy recommendation.

Frequently Asked Questions

Because the company has built strong cash flow after its dividend cut, making the current high yield sustainable, with a low forward P/E.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.