AT&T last paid out a quarterly dividend of $0.51 per share, which represents an attractive 5.5% yield. The company’s history of rewarding its shareholders and its wide moat is enough to consider adding it today, but I also like it as an unsung competitor in the streaming wars.
HBO Max is expected to be available by the second quarter of 2020. AT&T is coming out swinging with its streaming pitch, putting together the most aggressive package of its peers. HBO is already sold as a standalone outside the cable bundle for $14.99 per month.
WarnerMedia is targeting a price between $15 and $18 per month for HBO Max, which puts it cable offering in the crosshairs. This is part of its wider wireless push, and shows the AT&T is ready to offer up a platter that can bury cable sooner rather than later.