AT&T Increases Dividend

AT&T announced an increase in their quarterly dividend from $0.44 to $0.45 per share.  This is a 2.27% increase.  The new quarterly rate will be payable on February 1, 2013 to shareholders of record as of January 10, 2013.  I wish they could increase the dividend more but they already have a high yield and payout much of the earnings as dividends.

The new dividend amount increased my YOC for the position from 6.09% to 6.23% and will provide an extra $0.84 in annual dividend payments on my small 21 share position.