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%
- 3 Year Dividend Growth Rate: 2.2%
- Payout Ratio: 94.1%
- P/E: 16.1
- 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!
