Acquisition T

AT&T Company Logo

With the recent drama going around with AT&T, Inc. (T) regarding the ongoing acquisition of Time Warner, a perfect catalyst was created for this very recent purchase of additional shares of one of my favorite companies in the good old Stock Market. This is exactly what I look for when acquiring a small fraction of a great business, some sort of news, either internal or external to create a golden acquisition opportunities where I can buy at a much bigger discount and essentially lock into a great business with a reasonable margin of safety. This is what Dividend Growth Investing is, building an income that is reliable, predictable and increasing.

Company Overview: 

AT&T was founded in 1983 and is headquartered in Dallas Texas. Essentially, the company is a holding company that providers telecommunication and entertainment services in the United States, Latin America and worldwide. Its services and products include wireless communications, data/broadband and internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking, and wholesale services. The company sells both services and physical products which they have made available at their own stores, as well as third party distributors.

Statistics:

  • Dividend Yield: 5.8%
  • 3Yr Dividend Growth Rate: 2.2%
  • Payout Ratio: 94.14%
  • P/E: 16.15
  • Consecutive Years of Dividend Raises: 33
  • Dividend Payout: Quarterly

I purchased 30 shares of AT&T, Inc. (T) for the price of $33.60 per share for a total investment of $1,008.00 adding around $58.80 to my annual dividend income.

This is the 9th time I am initiating a stock acquisition this year. This transaction is my additional purchase of T shares into the portfolio. As of today, I now hold a total of 136.79 shares of the company. Additionally, T ownership stake represents to be around 2.7% of my total portfolio value.

Conclusion:

The Portfolio “The Dividend Machine” has been updated with link ➡️ here.

Thank you for reading & have a great day!

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on RedditShare on TumblrEmail this to someone

10 Comments

  1. in10jaarfinancieelvrij on December 17, 2017 at 15:04

    Great buy, I also extended my position with 9 shares to a total of 21 shares last month.

    • DividendVet on December 17, 2017 at 22:37

      Thanks and glad you were able to pick up some shares yourself. Great start!

      All the best.

  2. Doug on December 17, 2017 at 16:37

    I added about 27 shares around that price or so hope to get many buying opportunities hopefully and bring that up.

    • DividendVet on December 17, 2017 at 22:39

      Great pickup, now I wish I bought more.

      Take care.

  3. Captain Dividend on December 17, 2017 at 17:00

    Good buy, I just added some myself not long ago. They just raised the dividend yet again. Another hold forever stock.

    • DividendVet on December 17, 2017 at 22:41

      Thank you Captain, likewise thinking, awesome to hear you nor I were not snoozing on this one. The dividend raise of 2% was not much, but we already getting a juicy yield so it definitely justified.

      Good hearing from you!

  4. Tom from Dividends Diversify on December 17, 2017 at 19:46

    DV, T is a core holding in my portfolio. Great dividend yield. Low, but steady dividend growth as you indicate. Good buy. Tom

    • DividendVet on December 17, 2017 at 22:50

      Glad to hear it Tom. Weighing in at 4.5% of my portfolio T is also one of my main core holdings as well. Took advantage of beautiful volatility when there was fear in the news and look at us now, locked in a very nice yield for the longterm.

      Best wishes!

  5. FiscalVoyage on December 20, 2017 at 19:05

    Nice buy! I recently bought into T as well It is now one of my largest holdings.

    • DividendVet on December 22, 2017 at 15:40

      Much appreciated and glad to hear you made the opportunity work for you as the core asset.

Hello,

Do NOT follow this link or you will be banned from the site!
How to whitelist website on AdBlocker?