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AT&T Is One Of My Favorite High Yield Stocks (VIDEO)

Jul. 31, 2020 10:27 AM ETAT&T Inc. (T)15 Comments
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  • AT&T shares are incredibly cheap here, at just 8.8x blended earnings.
  • Shares yield more than 7%.
  • The dividend appears to be safe, with a 49% FCF payout ratio in Q2.

Hey everyone, here's the video companion to my AT&T (T) focus ticker piece that I posted yesterday (I know that some of you prefer the audio/vision content, so here you go!). T shares appear to be incredibly cheap to me. The dividend is 7%+. I believe the dividend is safe, with strong FCF and EPS dividend coverage. T is not a perfect company, by any means, with a high debt load and execution issues. However, with an 8.8x P/E ratio, I think upside potential is much greater than downside potential at this level, which is why I am very content to continue to own and accumulate shares.

Analyst's Disclosure: I am/we are long T.

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