AT&T Preferred Cumulative Shares Series A And C Seeking A Bid

AT&T’s preferred shares (Series A T.PR.A and Series C T.PR.C) are yielding about 7.1% while trading below the $25 par value. The article argues the cumulative dividends are secure, supported by strong free cash flow and a sound balance sheet, with preferential dividend tax treatment enhancing after-tax appeal. This is supportive for the preferred issue but is unlikely to be a major catalyst for the broader market.