Quote:
Originally Posted by capecoralbill
Not sure on my advice, but i held GE some years ago, and all the pundants, talk said the dividend was safe. They cut the dividend shortly after that, so go figure.
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Yes. I remember when that happened. Pfizer had a dividend cut a while back, too. It can happen, even to the giants.
I need to look up the time of year when AT&T announces a dividend increase. Companies, like T, that are on the list of
Dividend Aristocrats-- those with a history of increasing the dividend for at least 25 years running -- are reluctant to give up that status, even if the increase is a tiny one.
I do not think a dividend cut would happen at this point -- although I have no idea what I am talking about.
Though the P/E is in the mid-teens, the payout ratio (94.3% now) has been bothering me for a while. I would like to see more room in that number.
I do not like to have my cage rattled and T is requiring too much of my attention right now. I will wait (mostly) while I watch. I do not want to witness a hamstringing of my sweet giant.
PS: Btw, GE's dividend payout ratio is 111% right now.