Joseph Sroka, CFA, CMT
Chief Investment Officer, NovaPoint Capital LLC
The Board of Directors of AT&T (ticker: T) announced an increase in the quarterly dividend on the company’s common stock to $0.48 per share from $0.47, a 2.1% increase. This is the 32nd consecutive year the company has raised its dividend.
AT&T is one of the stock holdings in NovaPoint Capital’s Dividend Growth Strategy. Our Strategy seeks to own high-quality, dividend-paying stocks with a track record of annual dividend increases. Our research shows that a portfolio of companies with track records of raising their dividends has, on average, produced total returns higher than both the market and their non-dividend paying peers. The average track record of dividend increases for companies in our current portfolio is thirty-one years.
NovaPoint Capital LLC (@novapointcap) is a state Registered Investment Advisor based in Atlanta, Georgia. We manage investment portfolios for institutions and individuals. We also provide sub-advisory services for other investment advisors. More information can be found on our website at: http://novapointcapital.com/
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