For years, investors chased the juicy dividend yield offered by communications services giant AT&T (NYSE:T). It was a destructive trade.
While broad markets soared after the financial crisis, AT&T shares were dead money at best—even when the stock offered a more than 7% yield.
By November of last year, shares were at a 12-year low. Even including those hefty dividends, most shareholders wound up underwater.
https://in.investing.com/analysis/atts-rich-dividend-still-doesnt-make-a-bull-case-for-the-stock-200519070