AT&T's Dividend Yield Rises Amid Concerns Over SpaceX Competition
AT&T (T) is trading near a 52-week low with an attractive dividend yield of 5.3%, driven by concerns that SpaceX’s Starlink satellite service could disrupt its broadband and wireless business in the long term. While Oppenheimer downgraded AT&T citing this threat, analysts note it may take years to materialize.
Topics: AT&T broadband competition dividend yield SpaceX telecom industry