Dividend Increase – AT&T Inc. (T)

Yesterday, December 14, the Board of Directors of AT&T Inc. announced a quarterly dividend increase of from $ 0.5 to $ 0.51 per share that’s payable February 1, 2019 to holders of record January 10, 2019. This represents a 2.0% increase to regular quarterly dividends.

“Our healthy cash flows and strong outlook for 2019 give us the confidence to raise our dividend for the 35th consecutive year. The dividend is an important way we provide value to our shareholders, and I’m proud that we are able to continue our history of annual increases,” said Randall Stephenson, chairman and CEO, AT&T Inc.

With current price $ 30.22 (Friday's close), this raise brings their dividend yield to 6.75%.

Since I own 310 shares of AT&T, this will increase my portfolio's projected annual net dividend income by $ 9.24.

That increase rises my YOC to 5.76%. 

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You can follow the development of my dividends here.

Full Disclosure: Long T

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