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.
Earnings Report
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%.
Moving Forward
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.