I also hold AT&T - did not know about any upcoming dividend cut - however if they do spin off their media business that will generate a huge chunk of cash which will either get distributed to the shareholders or re-invested in another business ...so not too worried (they also pay dividends quarterly which is good)
I also hold AGNC which inves in Fannie Mae and Fanny Mac mortgage backed securities and other debt instruments - they are currently paying a monthly dividend of 12 cents per share $1.44 pa. on a share price of around $16 - I bought some time ago at just over $14 so I'm doing very well ...they are a REIT so subject to strict SEC rules regarding payouts.
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