Dow Dividend Stock #1 – AT&T (T)
Market Cap: $154.9 billion
Annual Dividend: $1.68
Dividend Yield: 6.4%
From the end of 1999 up until December 2009 this dividend growth stock has delivered a negative annual average total return of about -11% to its
shareholders. Ouch! But on the plus side, AT&T (T) remains
one of the biggest dividend providers in the Dow. While many traders will scoff at a “lost decade” in the stock market, an annual payout
of $1.68 per share as of this writing (and a track record of slow and steady dividend growth) is certainly nothing to scoff at. Look for T stock earnings
on April 21.
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- Poll of the Day