NEW YORK (TheStreet) – No one is going to deny that AT&T (T - Get Report) is a mature company. Growth has slowed over the past couple of years, but the Dow component is one the market's top dividend payers with a yield of 5.20%.
The company's management isn't satisfied with the status quo. It wants to show Wall Street that maturity is not an enemy of growth.
AT&T's $48.5 billion deal for satellite TV provider DirecTV (DTV) was its first real sign of how serious management has become. Observers are taking a wait-and-see attitude. The company reports second-quarter earnings Wednesday.
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