On April 28, 2017, the Clough Global Dividend and Income Fund (NYSE MKT: GLV) (the “Fund”), a closed-end fund, paid a monthly distribution on its common stock of $0.1032 per share to shareholders of record at the close of business on April 17, 2017.... more
The Board of Directors of Harris Corporation (NYSE: HRS) has declared a quarterly cash dividend of 53 cents per share on the common stock, payable June 16, 2017, to shareholders of record June 2, 2017.... more
Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.4625 per unit ($1.85 per unit on an annualized basis) on all of its outstanding common units for the period from January 1 to March 31, 2017. The distribution will be paid May 15, 2017 to unitholders of record as of the close of business on May 10, 2017.... more
PCTEL, Inc. (Nasdaq:PCTI), a leader in Performance Critical TELecom solutions, announced today the declaration of its regular quarterly dividend of $0.05 per share on its common stock. This dividend will be payable on May 15, 2017 to shareholders of record at the close of business on May 8, 2017.... more
EverBank Financial Corp (NYSE: EVER) announced today that on April 27, 2017, the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per common share payable on May 19, 2017, to the Company’s stockholders of record on the close of business on May 11, 2017. In the event that the proposed merger of Dolphin Sub Corporation, a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA), with and into the Company closes on or prior to the close of business on May 11, 2017, then the Company’s stockholders will not be entitled to and will not receive the dividend announced today. The merger remains subject to pending regulatory approval by the Board of Governors of the Federal Reserve System and the satisfaction of other... more
The Board of Directors of The Gorman-Rupp Company (NYSE MKT: GRC) has declared a quarterly cash dividend of $0.115 per share on the common stock of the Company, payable June 9, 2017, to shareholders of record May 15, 2017. This marks the 269th consecutive quarterly dividend paid by The Gorman-Rupp Company.... more
Credit: Mike Mozart
I've read a few pieces on Seeking Alpha lately that have questioned the ability of AT&T (NYSE: T) to maintain and/or grow its dividend.
The gargantuan telecommunications company is renowned as a dividend champion with 33 years of payout increases. 2017 saw a 2% raise on the previous year.
With a sizeable yield (now 4.85%), enormous annual cash flows and a strong credit rating, T has established itself as a leading income stock.
As you probably know from perusing the articles and comments on this site, the majority of AT&T shareholders are primarily in it for the steady dividend.
Let's examine the figures and check whether there is any danger to the payout.
The Earnings Perspective
In 2016, AT&T had operating revenues of... more
Exxon Mobil (NYSE: XOM) has continued its streak of hiking its dividend, announcing another increase in its payout to shareholders on Wednesday. The oil major has boosted its dividend every year for more than three decades, but the collapse of oil prices since 2014 has resulted in more scrutiny over the company's payments to shareholders.
Exxon has defied the oil market downturn, stepping up shareholder payments even though the company has seen its debt pile balloon over the past three years. Exxon is viewed as one of the most rock-solid stocks for investors, and the confidence that shareholders have in the ever-increasing dividend is one of the reasons why.
The dividend is treated as sacred - Exxon, and other oil majors, refused to touch their dividend policies over the past... more