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Att-COVID-19 Creates A Long-Term Buying Opportunity In This Dividend Aristocrat

johnNjohnN
in The OT Bullpen
https://seekingalpha.com/article/4329122-t-covidminus-19-creates-long-term-buying-opportunity-in-this-dividend-aristocrat

Att-COVID-19 Creates A Long-Term Buying Opportunity In This Dividend Aristocrat
Mar. 03, 2020 10:25 AM ETAT&T Inc. (T)16 Comments
Summary
Having raised its dividend for the 36th consecutive year last December, AT&T is a Dividend Aristocrat.
AT&T delivered decent operating results and financial results in FY 2019 and achieved its deleveraging goals for last fiscal year, positioning it to do so once again in 2020.
AT&T is trading at a 5% discount to fair value based on data sourced from I Prefer Income and Gurufocus, as well as the dividend discount model or DDM.
When I consider the 5.9% yield, annual earnings growth of 4%, and 0.6% annual valuation multiple, AT&T meets my total return requirement of 10% while offering a yield that is nearly triple that of the broader market
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