Will Lead Cables KILL AT&T and Verizon Dividends?

Joseph Hogue
•July 17th, 2023
DESCRIPTION
Lead cables could cost AT&T and Verizon billions in lawsuits. Will T and VZ have to cut their dividends? I'll detail the issue and how to invest in this week's stock market update. ✅ FREE Report! Five stocks I'm buying for the next 30 years! https://mystockmarketbasics.com/motleyfool
Shares of AT&T and Verizon are crashing after a report by the Wall Street Journal highlighted risk from lead cables all over America. The Journal found more than 2,000 lead cables in the air, buried and under water that could cause serious health problems. I'll explain the lead cable crisis as well as what the telecom carriers are doing about it.
I'll then dig into the cash flows for AT&T and Verizon to compare the stocks and reveal where this could become a problem. Both stocks pay a dividend yield over 7% but is that dividend in trouble?
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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