Is AT&T's dividend at risk in the next 12-24 months?

u/thelegendstable · Reddit — r/ValueInvesting · February 20, 2026 at 07:58 · 💬 4 comments  | View on Reddit ↗
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Author argues AT&T's dividend is unsustainable due to declining subscribers, rising debt, and aggressive buybacks.

T — SHORT The author argues AT&T's dividend is at risk over the next 12-24 months because the current trajectory is unsustainable. Postpaid phone additions have declined three years running, prepaid lost over 500k customers, and long-term debt plus debt maturing in one year exceeds $136B (up $12B from 2024). Management is aggressively doing share repurchases and announced returning $45B+ to shareholders during 2026-2028, which the author questions given the balance sheet.

Most definitely, the current trajectory is not sustainable.

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u/thelegendstable Reddit r/ValueInvesting
AT&T dividend unsustainable on debt and subscriber losses
The author argues AT&T's dividend is at risk over the next 12-24 months because the current trajectory is unsustainable. Postpaid phone additions have declined three years running, prepaid lost over 500k customers, and long-term debt plus debt maturing in one year exceeds $136B (up $12B from 2024). Management is aggressively doing share repurchases and announced returning $45B+ to shareholders during 2026-2028, which the author questions given the balance sheet.
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