How’s your Monday? Although I was a bit emotional at work, I survided on Monday. So 4 days to go. A surprise news arrived. AT&T Inc. announced a quarterly dividend increase of from $ 0.48 to $ 0.49 per share that’s payable February 1, 2017 to holders of record January 10, 2017. This represents a 2.08% increase to regular quarterly dividends and is its 33rd consecutive annual increase.
The YOC of my postion in T has improved to 7.5% from 7.3%. As I have 840 shares, my gorss dividend income per year from my position in T will incerase by $33.6.
Although I am not in a psotion to comment on their decsion to buy Timer Warner, I hope that Time Warner will become a free cash flow machine so that T will be able to increase its dividend more than $0.04 per year.
Discloure: Long T