2024-04-01 08:59:50 ET
Summary
- AT&T has the potential to raise its dividend in 2024 due to growth in Fiber Broadband and prioritization of debt repayments.
- The company's free cash flow outlook for 2024 is supportive of a potential dividend hike.
- AT&T's stock has consistently moved above the 50-day moving average line, indicating significant re-rating potential this year.
AT&T Inc. ( T ) is a well-managed Telco that has potential to raise its dividend in 2024. Though the Telco’s dividend growth has flat lined after it separated itself from the media business, WarnerMedia, I think that growth in Fiber Broadband and a prioritization of debt repayments could led to substantial capital gains for AT&T investors this year....
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AT&T: Are We Going To Get A Dividend Hike In 2024?