AT&T's improved finances and dividend increases may lead to a potential dividend hike in 2023.

AT&T's improved financials, 36 consecutive years of quarterly dividend increases, and $17B-$18B free cash flow in 2023 might lead to a dividend hike. The telecom giant's wireless and broadband revenues are also expected to grow. However, AT&T may wait for favorable conditions like lower interest rates to announce a hike, as dividend stocks have struggled since 2022. Historically, AT&T raises dividends at year-end.

May 18, 2024
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