Dividend Increase Announcement
On December 14th, AT&T announced a dividend increase of 2%. This will increase their dividend per quarter from $0.50 to $0.51. It is payable on February 1st for shareholders of record on January 10th. The new quarterly dividend represents an annualized dividend amount of $2.04 per share as compared to the current annualized dividend amount of $2.00 per share.
AT&T Dividend Information
Annual Dividend: $2.04
Dividend Yield: 6.62%
Dividend Growth History: 33 years
Payout Ratio: 56.8
Dividend Increase Effect On More Dividends
I am currently holding 47.662 shares of AT&T. With this 2% increase it will add $1.91 to my Projected Annual Dividend Income.
I started my position in AT&T back earlier this year. The price of the stock has fluctuate up and down since I started the position. So I am very happy to see an increase at this point. I would love to be able to add onto this position but AT&T is already one of my largest positions. For now, I plan to just hold this position and let it grow on its own.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in AT&T? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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