AT&T faced financial challenges in recent years, forcing it to cut its dividend significantly in 2022 after spinning off its entertainment division. The company has since been working on reducing its substantial debt, currently standing at $117.3 billion but down by $32 billion since 2020. As the telecom sees improvements in its business and begins generating excess cash flow, speculation around the potential for a dividend increase is increasing, marking a significant turnaround from its previous struggles as its Dividend Aristocrat status was lost.
AT&T's significant financial flexibility and improving excess free cash flow suggest the possibility of a dividend increase sooner rather than later.
The telecom giant has reduced its long-term debt by $32 billion since 2020, showing a positive shift in its financial health.
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