AT&T (NYSE:T) is a dividend champion in the telecom industry. With its long history of predictable dividend increases, at its current market price it is a buy.
What did I think last time?
I last wrote about T in this article, where I looked at how the dividend increase and the acquisition of Time Warner (NYSE:TWX) would impact the dividend. My main concern in that article was how the purchase would impact the dividend T can pay. It looked like the credit rating agencies might downgrade T's credit rating, which would then make its sizable debt more expensive to service, and borrowing the cash needed for the deal would add even more costs to servicing the debt.