#1 - AT&T (NYSE:T)
AT&T (NYSE:T) is a stock that many investors love to hate. And when the choice is between T stock and some growth stocks, AT&T has its downside. But as a dividend stock, there are few companies that reward investors quite like AT&T.
To begin with, the company is a Dividend Aristocrat, having increased its dividend payout for the last 37 consecutive years. Over the last three years, the company has increased its dividend by an average of 6.12%. And, AT&T currently pays one of the highest dividend yields at 6.47%. Dividend yield is not always a true indicator of the strength or quality of a dividend. However when combined with other factors such as dividend aristocrat status it is in indicator that a company prioritizes shareholder value.
In 2020, AT&T did not increase its dividend leaving some to wonder if the company’s dividend aristocrat status is in jeopardy. It seems unlikely. The dividend is well covered by earnings and the company, to its credit, used the savings from not increasing the dividend to get its balance sheet in better shape.
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
More about AT&T- Current Price
- $26.10
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $26.74 (2.5% Upside)
