AT&T raised its dividend again.
This week AT&T (T) announced a 2% increase in its quarterly dividend. The dividend is raised from $0.49 to $0.50. The dividend pay date is February 1, 2018 to shareholders of record on January 10, 2018 (ex dividend January 9, 2018). This is the 34th Consecutive Annual Increase.
The new dividend amount represents an annualized dividend amount of $2.00 per share, up from $1.96. The dividend yield on current price is 5.24 %.
My Vrijheid Fonds consist of 100 shares of T, so my annual dividends will increase by €2.89. My projected annual total amount from my shares of T will be $144 after taxes.
While AT&T’s dividend increase is small in size, I think it’s better than no increase!