A new buy for my Vrijheid Fonds.
As I wrote in my previous post (recent buy 3M), we saw a nice dip in the market this month. And after my buy 3M, I still had some money left in my broker account. So I took the opportunity once more, to average down own of my positions. Last week I made my seventh buy in 2018 for my Vrijheid Fonds.
Last year I did my analysis on AT&T (T). AT&T is, as I wrote in my stock Analysis, a dividend aristocrat that can’t be ignored with this kind of yield. And this conclusion is still valid!
And as a DGI, I look at the dividend of the company. AT&T has to pay the dividend and their massive debt. However their free cash flow covers the dividend while allowing about $12 billion to be attributed to paying down debt in 2019.
On the basis of this information/research I took action.
Last week I bought 55 shares of T at $28.57 per share (incl. fees).
With this buy I added a little bit more than €83 (after taxes) of projected dividend to my Vrijheid Fonds. Now I own 155 shares of AT&T and this position produces € 236 ($268) after taxes in dividend income annually.
Again a small step in my journey. And one-step closer to my goal.
Has anyone else invested in this company recently? Any feedback is greatly appreciated!
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