With the Federal Reserve kickstarting a new rate-cutting cycle, dividend stocks have become even more attractive. On Wednesday, the Fed made a hefty 50 basis points cut, surprising many who had anticipated a more modest 25 basis point reduction. As rates drop, dividend-paying stocks become more appealing to income-focused investors. With yields offering solid returns in a low-interest environment, investors may now flock to dividend stocks with above-average yields. Here's a look at three high-yielding dividend stocks that are too cheap to ignore.
AT&T Offers a Strong 5.2% Dividend Yield for Income Investors
AT&T Inc. (NYSE: T) is a telecommunications behemoth, ranked the largest globally by revenue and the third-largest operator of mobile communications in the U.S. AT&T operates through two primary segments, including AT&T Communications and AT&T Latin America, providing an array of telecommunications, media, and technical services worldwide.
Despite industry challenges, AT&T has impressed investors this year, with its stock up an impressive 27.2%, outperforming the broader market. This stock's hefty dividend yield of 5.2% makes it even more attractive. This combination of share price appreciation and a high yield results in solid ...
