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Wednesday, November 18, 2015

For Investors Only -- Nothing To Do With The Bakken -- November 18, 2015

This is not an investment site. Do not make any investment or financial decisions based on what you read here or think you may have read here.

247WallStreet is suggesting we could see significant dividend increases in six well-known companies before year-end. This one caught my attention due to its recent  DirecTV acquisition:
AT&T Inc. is fresh off its DirecTV acquisition, and the opinion of 24/7 Wall St. long before the deal closed was that DirecTV actually would bring stronger dividend coverage. In October, the third-quarter earnings report noted that AT&T’s free cash flow dividend payout ratio was 57% year to date, improved from 67% in the second quarter. The company even increased its adjusted EPS and free cash flow outlook for the year to adjusted EPS in the $2.68 to $2.74 range and free cash flow in the $15 billion range or better. The corresponding dividend hike in prior years has been in mid-December, and 2014 was AT&T’s 31st straight annual hike, with a 2.2% payout hike.
Shares of AT&T were closed most recently at $33.26, with a consensus analyst price target of $36.96 and a 52-week trading range of $30.97 to $36.45. The company has a dividend yield of 5.8% and a market cap of $204 billion.
Almost 6% now. Since 2011 (that's all the farther I went back), ATT has raised its annual dividend by one penny each year.

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