A new purchase of AT&T shares has been made. The price paid for the shares was $32.01. The plan is to hold onto the shares forever or until either the management performance sinks, an outside of the business event occurs, or there is an unpredicted need for the capital that these shares represent. A portion of the dividends will be reinvested. Some reasons why the shares were purchased are below.
- Progressive business practices are continuing
- A high quarterly dividend
- Involved in business that can be adapted quickly
The fund also holds shares in Ford and MFA Mortgage REIT.
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