AT&T (T) announced this morning that it would be increasing its dividend 13% to $0.40 per quarter, equaling about 4%. On top of this, T is also going to be repurchasing 400 million shares, acquisition to be completed by 2009.
A crimped share supply, increased dividend and growing market share will position this blue chip for some good growth. If you’re looking for a solid company to pick up to ease off the speculation, T would be a good choice, esp’ since it’s 4% dividend crushes the average Dow of 2.2%. Also, with a DRIP in place, it doesn’t get much better than T as an IRA candidate.
2 responses so far ↓
1 Mr K // Dec 11, 2007 at 11:41 am
So true. A while back I was an owner of T. It is a great long-term, low-risk company.
2 Mr K // Dec 12, 2007 at 8:12 am
Nice gain today too man! Another great call on this blogg
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