AT&T maintains quarterly dividend, with yield above 7%

AT&T Inc.
T,
-1.03%

mentioned Friday it was protecting its quarterly dividend at 27.seventy five cents a share, payable Nov. 1 to shareholders of file on Oct. 10. With the telecommunications and media agency’s inventory down zero.eight% in afternoon buying and promoting, the annual dividend price implies a dividend yield of seven.21%, which compares with the yield for the SPDR Communication companies choose Sector ETF
XLC,
-1.18%

of 1.17% and the implied yield for the S&P 500
SPX,
-1.fifty one%

of 1.eighty three%, and the yield of the ten-yr Treasury be aware
TMUBMUSD10Y,
three.821%

of three.742%. AT&T’s inventory was the ninth-highest yielding inventory inside the S&P 500, behind leaders communications companies agency Lumen utilized sciences Inc.
LUMN,
-1.29%

at thirteen.sixty seven% and oil and gas exploration agency Pioneer pure assets Co.
PXD,
+zero.26%

at 10.seventy eight%.

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