I added more shares to my portfolio with the purchase of AT&T Inc. (T)
37 shares @ $32.38 on 9/10/2018.
This increases my forward 12-month dividend income by $74.00 to a total of $6,606.54
I also updated my portfolio page to reflect the change.
I thought I was done buying ATT, but the stock was almost 10% below my cost basis and I knew I had to have more. My last buy of this company was May of this year and the one before that was bought November last year. In my opinion, this is a forever company. I do not see this company going anywhere in the next 10 to 20 years.
I am very happy that I was able to get more shares of ATT. The company is so undervalued compared to its normal PE. Analysts also expect an 8% CAGR growth for the next three years.
So we have a company here with an expected 8% growth that is undervalued and that currently carries a dividend yield of over 6%. Sign me UP!!
AT&T is undervalued, and I recommend it a BUY at this time. As we see below in the Fast Graph, is lower than its normal PE of 13.6 with a current PE of 9.5.
What are you waiting for? buying more shares of ATT?
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