Polliesdividend

DIVIDEND INCREASE AT&T (T)

This week AT&T (T) announced a 2.1% increase in its quarterly dividend. The dividend is raised from $0.47 to $0.48. The dividend pay date is February 1, 2016 to shareholders of record on January 8, 2016 (ex dividend January 6, 2016).

Randall Stephenson, Chairman and CEO: ā€œOur continued financial strength and outlook for strong cash flows give us the confidence to increase our dividend for the 32nd consecutive yearā€.

The new dividend amount represents an annualized dividend amount of $1.92 per share, up from $1.88. The dividend yield on current price is 5.66 %.

My Vrijheid Fonds consist of 60 shares of T, so my annual dividends will increase by $0.60.

My projected annual total amount from my shares of T will be $97.92 after taxes.

While AT&T’s dividend increase is small in size, I think it’s better than no increase! Furthermore, there are clear signs that AT&T’s capacity to grow its dividend is improving. This because they are working on lowering their payout ratio. T is worth having in a long-term portfolio. And Iā€™m a proud (part) owner of AT&T.

Cheers,

Pollie

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