Recent Stock Purchase - AT&T (30 shares, $56 dividend income)

AT&T is a major US telecom company that has been increasing dividend payouts for at least 25 consecutive years. With proceeds from recent sale of YUM, I took this opportunity to add to my existing AT&T position during recent price pullback in the sector. With current yield north of 5.7%, AT&T is an attractive choice for any income portfolio.

Despite an increased competition from other major phone carriers and customer pricing pressures, AT&T still owns big market share and is maintaining strong revenues. With more internet of things like today's launch of Apple watch, large internet providers like AT&T will see increased demand for bandwidth and growth going forward.

This purchase will add $56/yr to my dividend income portfolio.

Basic info:
Market CAP: 170B Dividend %: 5.7 EPS: $1.19