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AT&T stock drops toward 11-year low, as dividend yield rises further above 8%

·1 min read
AT&T stock drops toward 11-year low, as dividend yield rises further above 8%
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Shares of AT&T Inc. dropped 0.6% in afternoon trading Wednesday, putting them on track to suffer the longest losing streak in a year, and as they headed for the lowest close since July 2010. The stock has shed 7.5% over the past six sessions, which would be the longest stretch of losses since the nine-day loss streak that ended Oct. 21, 2020. The selloff has boosted AT&T's implied dividend yield to 8.23%, making it the second-highest yielding stock in the S 500 , just below fellow communications