Quick Answer: Why Is AT&T Dividend So High?

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Why did AT&T stock drop today?

Shares of AT&T (NYSE:T) have dropped today, down by 6% as of 11:30 a.m. EDT, after the company said it would cancel a previously announced stock buyback plan due to uncertainties around the COVID-19 pandemic.

Is AT&T too much debt?

AT&T already has a heavy debt load, holding more than $150 billion in debt at the end of 2019. It entered into a $5.5 billion term loan agreement last month to give it “financial flexibility” amid the pandemic. … Still, the company said in its last earnings report that paying down debt remains a top priority.

Is ATT dividend safe March 2020?

During the conference call, CEO Randall Stephenson estimated AT&T’s cash dividend payout ratio for 2020 would remain in the low 60s, compared to just over 50% in 2019. … In short, AT&T’s dividend remains safe, and its 7% yield is significantly higher than Verizon’s (NYSE:VZ) 4.3% yield.

Will Nokia pay a dividend in 2020?

Wall Street previously expected Nokia to post earnings of 0.23 euros in 2019 and 0.35 euros in 2020. They’ve since revised their earnings forecast down to 0.20 euros for 2019 and 0.23 euros for 2020. Nokia also withdrew dividend payments for the third and fourth quarters of 2019.

Is AT&T stock a good buy right now?

AT&T (NYSE:T) is often considered a stable dividend stock for conservative investors. … Its stock declined more than 10% as the S&P 500 rallied nearly 60%. Even after reinvesting its dividends, AT&T’s total return of 14% still underperformed the market.

Is ATT a buy or sell?

The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change….Momentum Scorecard More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.44%2Buy17.91%3Hold9.42%4Sell4.91%2 more rows

Is Coke a good stock buy?

Its current dividend yield of more than 3.3% is close to its highs of the past decade. Particularly in today’s low-interest-rate environment, investors looking for good returns coupled with a low-to-moderate risk to their capital might find Coca-Cola a compelling buy.

Does Apple pay a dividend?

In 2012, however, Apple started paying a dividend and surpassed dividend darling Exxon in 2017 to pay the biggest dividend in the world. As of November 2018, Apple paid shareholders a dividend of 73 cents per share.

Is AT&T’s dividend safe?

In 2019, the company paid out 51% of its free cash flow in dividends. That’s just a hair above the new 50% threshold. If a payout ratio is above 50%, the stock’s rating gets dinged. … As a result, AT&T’s dividend safety rating is a “D.”

What is the best cheap stock to buy right now?

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What’s wrong with AT&T stock?

Despite its 7% dividend yield, AT&T stock has dropped close to 25% in 2020 as the company’s increasing debt has deterred many investors. Shares initially climbed following the latest earnings release but soon started retreating.

Will AT&T reduce their dividend?

AT&T said it expects earnings to be 26 cents to 28 cents per share. … The dividend will be 3.75 cents per share each quarter, compared to 22 cents previously. The company said last month that it might cut its dividend as part of its reorganization.

What is the best stock to buy right now?

Best Value StocksPrice ($)Market Cap ($B)NRG Energy Inc. (NRG)34.708.5NortonLifeLock Inc. (NLOK)23.4613.9Unum Group (UNM)18.783.8

What stock pays the highest dividend?

List of 25 high-dividend stocksSymbolCompany NameDividend YieldTDToronto-Dominion Bank (The)4.97%EIXEdison International4.88%BOHBank of Hawaii Corp4.79%BXPBoston Properties Inc4.46%21 more rows

How often does AT&T pay a dividend?

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.7.

How much is AT&T’s dividend?

The $2.08 per share annual payout in dividends yields 5.5%.