So the Close for Dec 18 would be 200, but the Adj Close would be 199.įor example, on 5, SPY paid out a $1.235 dividend. Yahoo factors in the dividend in the "Adj Close" column for all the previous days. In Yahoo's historical prices for XYZ, you will see that it closed at 200 on Dec 18 and 201 on Dec 19. Then on December 19, the stock increases in price by $2 but it pays out a $1 dividend. As you can see, Yahoo's historical prices divided all prices by 3 (both prior to and after 6):įor dividends, let's say stock ABC closed at 200 on December 18. Then on 6, it underwent a 3-for-1 stock split. For example, ISRG was trading around $1000 prior to 6. Yahoo adjusts all historical prices to reflect a stock split. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Rich Duprey held a LONG position in T, MO, and WBD stock. With a dividend yielding 8.3% annually, Altria continues to richly reward investors who stay with the high-yield dividend stock through its ups and downs. It’s forecast the industry will grow about 30% annually through 2030, meaning it’s an opportunity that could reach $72 billion. It has Food & Drug Administration approval for six products, giving Altria instant access to the $15.5 billion e-cig and vape market. In March, Altria announced it was acquiring NJOY, the third-largest e-cig maker. Industry peer Philip Morris International (NYSE: PM ) declared the future to be “smoke-free.” Electronic cigarettes and vaping products are a way to extend the industry’s life beyond combustible cigarettes. Yet Altria is also looking forward to what comes next. When the federal, state, or local government raises taxes on tobacco prices, cigarette companies like Altria can pass along the cost to consumers without losing many customers.Īlthough first-quarter revenue fell 2.9% to $5.7 billion, Altria’s adjusted earnings per share rose 5.4% to $1.18 per share. Tobacco has what economists call “inelastic demand.” Smokers continue to buy cigarettes even though prices keep climbing. Adult smokers have declined from 20.9% of the U.S. Its high-growth days are behind it as cigarette smoking remains in a secular decline. Source: Kristi Blokhin / Īltria (NYSE: MO ) is another top dividend stock to buy in June, similar to AT&T. That means the pipeline and storage specialist should have many more decades of growth ahead of it. There is no lack of demand for fossil fuels. It also has an enviable track record of raising the payout for 24 consecutive years. Like AT&T, Enterprise Product Partners’ dividend is yielding a generous 7.8% at current prices.
That means it still gets paid even if customers don’t accept delivery. Most of Enterprise Product’s revenue comes from long-term, fixed-fee, or take-or-pay contracts. As the middle-man between upstream and downstream players, it makes money no matter which way the market for oil and gas goes. The company sits in the sweet spot of the energy industry. With over 50,000 miles of pipelines, 14 billion cubic feet of natural gas storage, and over 260 million barrels of storage capacity for natural gas liquids, crude oil, refined products, and petrochemicals, Enterprise Product Partners (NYSE: EPD ) is one of the largest publicly traded partnerships in the U.S. That makes AT&T’s payout much more secure and minimizes the risk of it being reduced. Because it received $40 billion from the spinoff of WarnerMedia, which then merged with Discovery to form Warner Bros Discovery (NYSE: WBD ), it has paid down a large portion of its debt. Domestic wireless revenue jumped 5.2% in the first quarter, giving the telecom its best-ever first quarter for mobility operating income.ĪT&T’s dividend yields an enticing 7.3% annually. The telecom added 1.2 million net broadband customers last year, making it five years running that it has added at least 1 million customers.
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It’s why AT&T has been spending billions of dollars to upgrade its network. That’s key for AT&T as it generates some of its highest profit margins from data usage.
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Consumers and businesses eagerly await the first significant increase in download speeds since 4G’s introduction in 2009. It will be one of the most critical upgrades to the industry. The 5G network infrastructure rollout over the next few years is one of the strongest reasons to buy the stock.
There are also a few targeted catalysts that make AT&T one of the top dividend stocks to own for years to come. The telecom giant isn’t the growth stock it once was, but it offers consistent cash flows on a much-improved financial situation. Source: Lester Balajadia / Īs we enter a new period of market uncertainty, investors can find stability in AT&T (NYSE: T ).
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