Talk of The Villages Florida - View Single Post - Thoughts on AT&T (T) as a stock to purchase?
Thread: Thoughts on AT&T (T) as a stock to purchase?
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Old 04-27-2021, 11:21 AM
jfree9035 jfree9035 is offline
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Quote:
Originally Posted by TNGary View Post
Company has numerous times, CEO, confirmed commitment to 6-7% dividend.
Q1 was on the upside
high debt but appears able to manage debt and still have some free cash flow.

Any thoughts as a stock to purchase?
To me AT&T is not a purchase for growth. It is a purchased to buy and hold for its dividend. It's current dividend yield is 6.77% That is the reason I would purchase the stock. However, I would wait until after Monday, May 4 as that is the dividend payout date for this quarter ($0.52) and the stock will usually drop by that amount on the payout date.