AT&T dividend yield near 5% puts cash flow back in the spotlight
AT&T Inc. ticked up Friday while the broader market slipped, but shares are still showing investors want to see cash after years of promises. With the S&P 500 down 0.18% and the Nasdaq down 0.35%, AT&T closed only about 2.5% higher than its 52-week low of $21.99. The stock is still roughly 24% below its 52-week high at $29.79. AT&T's cash-return yield stands out. The company declared a quarterly dividend of 27.75 cents a share on June 24, staying steady with previous payouts. The dividend goes to shareholders of record as of July 10, with payment scheduled for Aug. 3. That keeps the annual dividend at $1.11 a share.