Topic: How To Invest

Dividend Advisor Hotline – Friday, April 24, 2020

Article Excerpt

AT&T INC., $29.71, New York symbol T, is a top pick for 2020. The company is the largest wireless carrier in the U.S. It also offers traditional phone and satellite TV services. AT&T last raised its quarterly dividend with the February 2020 payment. Investors now receive $0.52 a share, up 2.0% from $0.51. The new annual rate of $2.08 yields a high 7.0%. The company has increased that annual investor payment for 36 consecutive years. In June 2018, it purchased media giant Time Warner (now called WarnerMedia) for $103 billion in cash and stock. The company plans to use WarnerMedia’s content to attract more users for its wireless and TV services. Those include its new HBO Max video streaming service, which launches May 27, 2020. The coronavirus outbreak has cut advertising revenue from WarnerMedia’s broadcast and cable TV operations. That’s largely why AT&T’s revenue in the quarter ended March 31, 2020, fell 4.6%, to $42.78 billion from $44.83 billion a year earlier. That missed…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.