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AT&T’s Dividend Coverage with Free Cash Flow Is Solid

publication date: Jul 24, 2024
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Image Source: AT&T. 

Dividend coverage looks much better at AT&T these days. For the first six months of 2024, free cash flow was $7.7 billion, which comfortably covered the company’s cash dividends paid of $4.1 billion. Free cash flow after dividends was $3.58 billion for the first six months of the year, and management’s 2024 free cash flow guidance indicates a stronger back half of dividend coverage. AT&T has a huge net debt position, but free cash flow coverage of this 6.1% yielder is a sight to see. We’re considering the company for addition to the High Yield Dividend Newsletter portfolio.


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