One of the things that would attract an investor to a specific stock is its performance and stability. And for investors focused on income investment, a stock with a high dividend yield would be the ideal one. Things are even better if that stock also posts a high growth rate. Well, these are some of the characteristics that define AT&T Inc. (NYSE:T), which currently sports a dividend yield of 5.5% and an amazing growth consistency that has remained unwavering for more than three decades. In addition to its dividend growth, AT&T Inc. (NYSE:T) has performed very well since the beginning of 2019, boasting of a stock price rise of more than 30%.
A point to note is that AT&T Inc. (NYSE:T) has also had its fair share of troubles. Its DirectTV business has faced quite some hurdles and its HBO subscriptions have also posted a downward spiral after the company discontinued its Game of Thrones series. Still, this isn’t a reason enough to kick out this stock on your list of stock bets since its performance is still excellent.
In the second quarter of 2019, the company’s EPS yield was $0.89 per share, meeting analysts’ consensus estimate. This was, however, a year-over-year drop of 2.2%. The earnings per share were on revenue of $44.96 billion, beating analysts’ expectations by around 0.2%. On a year-over-year basis, the company’s revenue rose by 15.3%.
Things are looking up for AT&T Inc. (NYSE:T) this year. The company’s EPS is expected to grow over the next couple of years. For the year 2019, they expect their EPS to rise by 1.1% to hit $3.56 and by 1.7% to $3.62 for the year 2020. For the current quarter, the earnings per share estimate is $0.89, an estimate averaged by Zacks based on the opinions of 8 analysts.
AT&T Inc. Profile
AT&T Inc. is a multinational conglomerate holding company. It has its headquarters in Dallas, Texas, United States. It’s the largest telephone operating company in the United States, with several subsidiaries, including DirectTV, AT&T TV Now, Cricket Wireless, and more. This $274.09 billion market capitalization company is also the mother company of WarnerMedia, a mass media conglomerate that has television, film, publishing, and cable operations.