7 Stocks That Could Benefit From a Capital Gains Tax Hike in 2021 - 1 of 7

#1 - AT&T (NYSE:T)

AT&T logo

AT&T (NYSE:T) is a stock that many investors love to hate. And when the choice is between T stock and some growth stocks, AT&T has its downside. But as a dividend stock, there are few companies that reward investors quite like AT&T.

To begin with, the company is a Dividend Aristocrat, having increased its dividend payout for the last 37 consecutive years. Over the last three years, the company has increased its dividend by an average of 6.12%. And, AT&T currently pays one of the highest dividend yields at 6.47%. Dividend yield is not always a true indicator of the strength or quality of a dividend. However when combined with other factors such as dividend aristocrat status it is in indicator that a company prioritizes shareholder value.

In 2020, AT&T did not increase its dividend leaving some to wonder if the company’s dividend aristocrat status is in jeopardy. It seems unlikely. The dividend is well covered by earnings and the company, to its credit, used the savings from not increasing the dividend to get its balance sheet in better shape.

About AT&T
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services. Read More 

Current Price: $28.88
Consensus Rating: Hold
Ratings Breakdown: 8 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $31.73 (9.9% Upside)

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.