In the last few months, AT&T (NYSE:T) formed a downtrend as its dividend yield rose. Shareholders braced for the worst ahead of its third-quarter earnings report. Instead, AT&T stock bounced back sharply from the yearly low to close to $27 today. Source: Roman Tiraspolsky / Shutterstock.com Besides the generous dividend yield in the 7.5% range, investors may resume accumulating shares despite its other risks. In the third quarter, AT&T posted impressive subscriber growth in wireless and fiber broadband. This lifted cash flow and reaffirms the company’s financial strength continued in the period.