With a market-smashing 5.3% yield, inflation-beating dividend growth, and the potential that shares are 14% undervalued, this high-yield stock is ideal for income-oriented long-term dividend growth investors.
Investors have been tracking AT&T’s progress toward spinning off its media assets, and they’ve also been watching with interest as its price has slid down. This article will bring you up to date on where AT&T is as a company and as a possible investment going forward.
In doing so, I moved capital from a stock whose dividend characteristics made it unsuitable for my dividend-growth approach, and into two investments that I believe will generate more dividends and more portfolio growth in the future.
With more than 35 consecutive years of dividend raises, high single-digit dividend growth, and the potential that shares are 15% undervalued, this is a name that dividend growth investors ought to consider for their portfolios today.