AT&T (T) Increases Their Dividend 2%
Dividend Increase Announcement
On December 13th, AT&T announced a dividend increase of 2%. This will increase their dividend per quarter from $0.51 to $0.52. It is payable on February 3rd for shareholders of record on January 10th. The new quarterly dividend represents an annualized dividend amount of $2.08 per share as compared to the current annualized dividend amount of $2.04 per share.
AT&T Dividend Information
Annual Dividend: $2.08
Dividend Yield: 5.45%
Dividend Growth History: 34 years
Payout Ratio: 57.78%
Dividend Increase Affect On More Dividends
I am currently holding 50.65 shares of AT&T in the More Dividends portfolio. With this 2% increase it will add an additional $2.02 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Conclusion
AT&T is a company with a very long history. They have had some ups and they have had some downs. For the past few years it would appear that the company has mostly been trading sideways. Like a lot of other investors, I initially got interested in the company because of the healthy dividend that they pay. I initiated my position but with the announcement of the acquisition of Time Warner I had decided to strengthen that position.
So for now, I am happy with the current position. I will allow it to reinvest the dividends and to keep growing. If I see the share price drop back down then I will consider adding more to the position. My biggest concern with this is that I think it may be a number of years before I see this happening. I think their move in the content and content production space will help them continue to grow their revenue for many more years to come. Only time will tell!
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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We’ve own a fair number of shares of AT&T and this raise didn’t disappoint. I hope that management does actually de-lever the balance sheet, which they’ve been doing, and can then return to a bit faster dividend growth moving forward.
JC recently posted…Dividend Update – November 2019
JC, I think the company has a great future. As long as they continue to improve the balance sheet and increasing my dividends then I will be happy. Thanks for stopping by!
Oh yes. I have 210 shares of AT&T and just found out about the increase. I too will take any raise I can get and hope they can stick to their plan for the future. I will continue to DRIP these dividends and will revisit for future monitoring and possible purchases.
Scattered Mom recently posted…Dividend Income Report November 2019
Hey there Scattered Mom. Thanks for stopping by. I think that AT&T is positioned good for the future. Content and provider, I will take it. I don’t own as many shares are you but I hope to reach that level some day. Until I find a good opporunity to add to this position, I will let the dividends do the work for me. Trust me though at my first opportunity, I will be adding to this position!