It's beginning to sound more and more like the $49 Billion DTV acquisition will not be blocked by the FCC regulators and is expected to be completed by June. That along with the integration of the Iusacell and Nextel Mexico networks gives AT&T a major footprint into Latin America.
AT&T is also looking to offer exclusive content for connected vehicles such as videos and games which can be streamed onto personal mobile devices later this year. There are also expansion plans for AT&T's Gigapower 1Gbps internet service to 7 new markets including Charlotte and Greensboro, N.C.; Jacksonville, Fla.; Miami; Nashville, Tenn.; St. Louis and San Antonio.
I purchased another 33 shares of AT&T at $34.99 this week.
AT&T Stock Chart
AT&T (T) Basic Statistics
- Ticker Symbol: T
- Forward P/E Ratio: 13.5
- Sector: Tech
- Yield: 5.42%
- Dividend Growth Streak: 30 years
- 3 Year Dividend Growth Rate: 2.3%
- Payout Ratio: 167 %
- Market cap: $180b
- Beta: .41
- Website: http://www.att.com
AT&T Dividend Growth
Nice purchase, Captain. Ive been watching it and seemed to have missed it to buy under $33. I am still torn about adding to my position as the 5.4% dividend is nothing to sneeze about.
ReplyDeleteCongrats on adding more to your dividend income. Keep it up!
R2R
Yep, me too. I'm terribly bad at timing most of the time. I managed to buy on a day where the stock rallied a bit off of the vehicle content news. Damn the luck.
DeleteGreat purchase! I should look to add some more as well. It will be great for growth of DirecTV deal goes through. While the dividend growth is nothing to envy, it beats inflation, and the base dividend is already quite good. Thanks for the write-up!
ReplyDeleteIt would be nice to see some growth out of the deal. It's tough to find significant dividend growth with a yield as high as T offers that's for sure.
DeleteCaptain,
ReplyDeleteNice pickup. We will definitely add more shares in our Roth IRA's next year when we can add monies. The dividend yield is still juicy at these levels.
All the best.
FD
I'm not too familiar with ROTH IRA's, how many times are you allowed to make transactions each year ?
DeleteCaptain,
ReplyDeleteNice job and the $62 in forward income you just added will be incredible. What's sweet is you almost are already picking up two shares per reinvestment alone per year with this purchase. I am curious on how accretive the earnings will be with the direct tv event will be. I wonder if they will do better than the 2% increase to their dividend...
Congrats and great foundation stock!
-Lanny
Hey Lanny, it's not often when my monthly buys which are usually a bit over $1000 are able to give me an extra $15+ every quarter. Higher dividend growth would be welcome but I'm not holding my breath. :-)
DeleteCongratulations on picking up some T, we have a very close cost basis there. T had been lacking in growth the past few years but the cash flow and dividend income is always present, and this year might be a game changer with the DTV acquisition you mentioned above, we might see a much faster growth.
ReplyDeleteThanks for sharing your recent buy.
I've made a few purchases prior to this one and since the stock doesn't move much I'm almost exactly at my previous cost basis. It'll be interesting to see how the stock reacts if the merger is approved. maybe we could be back down to a 5% yield or less. Tough to say for sure though.
DeleteNice buy Captain...AT&T is one of our largest holdings. Not much growth but very stable and attractive yield.
ReplyDeleteThanks for sharing, we've added your purchase to our Collection of Recent Buys. AFFJ
Seems that I'm in good company then. AT&T is one of those sleep well at night stocks that's for sure. Thanks for the addition also!
DeleteNice buy. I picked some up last month and am thinking about adding to my position! That yield is too juicy to pass up!
ReplyDeleteLooks like you got a better price than I did too. It is a sexy yield and a great company as well. Thanks for stopping by Spy!
DeleteGreat buy. AT&T is temporarily cheap at this point. A good couch potato stock. Great job!
ReplyDeleteHaha I've never heard that term before but ya it sure is. :-o
DeleteHi CP,
ReplyDeleteSWEET purchase there with AT&T. That nearly 6% yield is juicy as hell. I'd love to get me some of that, but as I'm trying to stick with CAD stocks for the time being, I settled with Telus last month.
Best regards,
Dividend Beginner
CP,
DeleteAre you concerned at all about the insanely high payout ratio?
Not really because in some sectors payout ratio is a poor way to measure a company's ability to pay a dividend. The telecommunications industry has several stocks with payout ratios over 100% which are actually safe for dividends. For example Verizon's payout ratio was over 500% a couple years ago.
DeleteNice buy. I'll be purchasing this diamond in the near future too. Nice site and will be back here every now and then!
ReplyDeleteAh Captain, I love AT&T stock. Nice job adding more shares. AT&T dividends are fantastic.
ReplyDeleteThis 5.2% yield is actually the best Aristocrat you could get.
ReplyDeleteI'm happy to have some in my small portfolio as well.
Great purchase. Keep up the good work Captain. :)
Best wishes, DfS
Funny cause I posted an article today on our T (Canadian one, Telus) versus Verizon and why I prefer T. Your T is a good buy, but I still prefer the Canadian version for this one! ;-)
ReplyDeleteCheers,
Mike
Indeed, even in the wake of putting in a colossal measure of cash, the client won't not be happy with the reaction. www.customercaretoll.com/listings/att-telecommunication-customer-support-service-toll-free-phone-number
ReplyDelete