Is T-Mobile a Top Dividend Stock?
While telecom giants AT (NYSE: T) and Verizon (NYSE: VZ) are known for paying generous dividends to investors, T-Mobile (NASDAQ: TMUS) has avoided paying dividends up until now. The company has returned cash to shareholders in the form of share buybacks, but never direct dividend payments.
That changes later this year. T-Mobile announced on Sept. 6 that it plans to declare its first quarterly dividend in the fourth quarter, with an expected total payment of approximately $750 million. In 2024, the company expects to pay out about $3 billion in dividends split across four quarterly payments. Based on the current share count, that works out to a quarterly dividend of about $0.63 per share.
One reason to avoid T-Mobile stock up to this point was its lack of a dividend. With the company set to dole out payments to shareholders, is it time to buy the stock?
Source Fool.com
Verizon Communications Inc. Stock
With 14 Buy predictions and not the single Sell prediction the community is currently very high on Verizon Communications Inc..
As a result the target price of 43 € shows a positive potential of 28.38% compared to the current price of 33.5 € for Verizon Communications Inc..
