AT&T (NYSE: T) cuts dividend by 50% following WarnerMedia spinoff, aiming to return $45 billion to investors by 2028. Stock price surged 15% after reporting earnings and return plans. However, financial ratios suggest stock is currently overvalued, making it unattractive for value or dividend investors. Growth investors may find better options elsewhere.

Considered one of the world’s largest communications companies, AT&T is unlikely to appeal to most investors currently. While it offers a 4% dividend yield, lack of growth and dividend growth may deter investors. With plans to invest in fiber optic cables, it remains a stagnant growth story, making it less appealing for growth investors.

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Read more at Yahoo Finance: AT&T Plans to Return $45 Billion to Shareholders. Is the Stock a Buy for 2026?