Is It Too Late to Buy AT&T Stock for the High-Yield Dividend?

From the end of 2023 through Jan. 28, shares of AT&T (T -1.21%) rose 48%. Although it had been offering an ultra-high dividend yield, the company hasn't altered its payout since reducing it in 2022.About a year ago, shares of AT&T were offering a yield above 6%, but price appreciation has lowered that figure considerably. At recent prices, the stock offers a far less enticing 4.6%.Now that price appreciation has lowered the yield AT&T offers, income-seeking investors can receive a similar rate of return fro ...