| | | I'll take the other side just for grins... My grandparents worked for T from the beginning and thus received free shares with every paycheck. I inherited a ton of it and have been selling consistently for years. I'm nearing finally getting rid of the last of it probably soon.
Yes, they will probably be able to keep the dividend but yes they have huge debt and I feel they are too big to be nimble. I tried to get my father to dump a bunch around 2000 when it was much higher. They completely missed the internet and were slow to embrace cellphones. Now cellphone technology is constantly evolving so soon as they build out 4G, 5G comes along and something will come after keeping them in a constant need to stay in debt to be competitive.
DirecTV was a disaster purchase. I had it when it was $20 a month but when they hiked the price to $100 for just a basic package, I cancelled like millions of others and haven't looked back despite them calling me constantly trying to offer me temporary deals that expire then jack the rate up again.
Lastly, I'm sick and tired of the network agendas. They own CNN and other liberal agenda pushing channels. Name one show on TV that doesn't have an over the top flaming homosexual in it. I'll wait........... Everything is poor minority this or that, anticonservative, proliberal, preachy drivel.
I'll get my dividends from energy, SPYD (heavily weighted in financials in a rising interest rate period), and other stuff.
FWIW, T was $70 a share in 2000, $40 a share a few years ago. It's been in a long term slide for decades. Add in the decline in the dollar and the dividend isn't close to keeping up. You're just losing a little less. |
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