High Yielding Dow Stock Continues Dividend Payments
- March 30, 2009
- Dividend Stocks, High Yield Dividend Stocks
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AT&T’s (T: 29.99 -0.10%) board of directors has approved a quarterly dividend of $.41 per share.
Back in December, the company announced a 2.5% increase in their dividend payment. 2009 marks the 25th consecutive year the company has increased their quarterly dividend payment.
The current dividend yield now stands at an incredible 6.3%. However, Wall Street still expects AT&T to earn $2.00 per share this year which should continue to cover the dividend payments. So for now, AT&T will remain one of the highest yielding stocks of the Dow.
The dividend will be payable on May 1, 2009 to shareholders of record as of April 9, 2009.
