How much more could T stock yield?
It hasn’t been the smoothest ride for AT&T Inc. (NYSE:T).
In fact, after failing to push through $40 several times in 2016 and 2017, it’s
been all downhill for T stock. Shares have already lost a whopping 15% so far
on the year.
Investors in the name have to be getting fed up with this
terrible performance. However, some are surely asking themselves if now may be
the time to buy, not sell T stock — especially now that it’s dividend yield is
a whopping 6.1%.
The payout for T stock has gotten extreme. I don’t mean
extreme in the sense that — like General Electric Company (NYSE:GE) or Kinder
Morgan Inc (NYSE:KMI) — AT&T will have to slash their payout. But rather,
extreme in that the yield hasn’t been this high in years.
In fact, AT&T’s dividend yield hasn’t been this high
since 2010. However, the data actually gets more interesting: T stock has only
had a yield over 6.9% twice, hitting that market in 1988 and briefly topping 7%
in 2008.
Comments
Post a Comment