T share price is $15.79.
8 replies (most recent on top)
I love the fools who think the dividend is great while the principal continues a long term march downward.... They say, yeah I make x% a year while their principal craters... Dummies! The only good dividend stock is one that pays a dividend AND increases, or at least, holds it's principal value over time. T ain't it. No wonder, mobility service (business) is nothing more than a commodity now. Too many competitors are eating each other.
Investors are waiting for Q3 earnings call on 10/20. If free cash flow (FCF) continues to be an issue like in Q2 the stock will continue to slide. Revised forecast for FCF was revised downward from $16B to $14B during 2nd quarter earnings call. That's one of the reasons the stock is getting hammered. Currently FCF year-to-date is only $4.2B, leaving almost $10B to be made up in the last 2 quarters if AT&T expects to make that revised $14B number.
This quarter will look a lot better. Our mobility and fiber growth will continue. The company is turning things around.
The annual dividend should be $2.22!
Twitter stock is recovering though. Yay!
The annual dividend is $1.11.
$13 by 3/2023
$0