I added more shares my portfolio with the purchase of AT&T Inc. (T)
44 shares @ $32.11 on 5/16/2018.
This increases my forward 12-month dividend income by $88.00 to a total of $5,754.38
I also updated my portfolio page to reflect the change.
So I thought that I would not be buying any more shares of AT&T but Mr. Market had other ideas. My last buy from this company came in at the end of October. From that point, the company saw an increased of around 10%. I thought that was the last opportunity I would have to obtain more shares of T. When it almost hit $40 a share at the beginning of the year, it started a downward trend for the last 5 months. I noticed it was almost 8% under my cost basis and I knew that I had to grab up more shares.
I am glad I did. The company is so undervalued compared to its normal PE. Anlestlys also expects 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 6%. Sign me UP!!
What do you think of the company? Plan on owning it? or why not?
Thanks for reading, and don’t forget to connect with me.
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