Dividend-News
Daily dividend news for investors in dividend stocks
AT&T: A High-Dividend Stock Beating The 2012 Market Pullback
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Published Fri, 01 Jun 2012 15:15:00 -0400 on Seeking Alpha
With the market posting its biggest monthly loss since September, we all could use a safe haven. As it turns out, AT&T (T) has beaten the market in all of the pullbacks since July 2011, and has also gained in the rallies: images. AT&T has also outperformed the market year to date, and during these longer time periods: So this must mean that the company has achieved some superb earnings to deserve this kind of support, right? Wrong. AT&T had a bad 2011 fourth quarter, when it lost $1.13/share and its 2011 earnings fell over 79% vs. 2010. AT&T's trailing 12-month P/E of over 50 makes it look like a basket case, but the market has forgiven past blunders because of the company's projected 2012 and 2013 earnings growth -- which actually make AT&T look undervalued on a PEG (price/earnings growth) basis. The mean estimate for 2012... Read more
Stock name ISIN Last trade P/E Earnings/Share Dividend/Share Dividend yield AT&T
US00206R1023 37.44 29.2 1.28 1.80 4.81