Topic: How To Invest

Dividend Advisor Hotline – Friday, April 26, 2019

Article Excerpt

AT&T INC., $30.68, New York symbol T, is the largest wireless carrier in the U.S. It also offers traditional phone and satellite TV services. In June 2018, the company completed its $103 billion cash-and-stock purchase of media giant Time Warner (now called WarnerMedia). AT&T plans to use WarnerMedia’s content to attract more users to its wireless and TV services. Thanks partly to the extra cash flow from WarnerMedia, AT&T raised its quarterly dividend with the February 2019 payment by 2.0%. Investors now receive $0.51 a share instead of $0.50. The new annual rate of $2.04 yields a high 6.6%. The company has increased the annual payment for 35 consecutive years. In the three months ended March 31, 2019, AT&T’s revenue rose 17.8%, to $44.8 billion from $38.0 billion a year earlier. WarnerMedia contributed $7.5 billion to the latest results. Even so, revenue in the quarter missed the consensus forecast of $45.1 billion. The company reported fewer TV subscribers in the three months due to…

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