AT&T’s Dividend Safety Score Upgraded to Safe on Deleveraging Progress, New Three-Year Guidance
AT&T (T) reported third-quarter results on Monday and provided a three-year capital allocation framework for its business. The company continues making progress paying down debt, underlying business fundamentals remain solid, and management plans to allocate capital more conservatively going forward, including a commitment to avoid big acquisitions. As a result of the firm's improving risk profile, we [...]