T - Up Halfway Through 2024 Can AT&T's Stock Continue Its Momentum to Close the Year?
2024-07-04 09:45:00 ET
Over the past two decades, the road has been rocky for AT&T (NYSE: T) investors, with the stock price only up close to 5% (not including dividends). This year has been a much-appreciated change of pace, though, with the stock up over 10% in the first six months.
After being scarred from years of lackluster performance, it makes sense that people would question if this is just a fluke from the telecom giant or a glimpse of a turnaround. Nobody can say for certain how a stock will move, but there are encouraging signs for the one thing AT&T has to lean on: its dividend.
It's no secret that investors flock to AT&T for its ultra-high dividend yield . It's why many investors are even remotely in the green with their AT&T investments instead of deeply in the red. The annual dividend is $1.11 per share, and its forward dividend yield is over 5.8% -- more than four times the S&P 500's.
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Up Halfway Through 2024, Can AT&T's Stock Continue Its Momentum to Close the Year?