AT&T has announced an increase in their dividend. The dividend is now $0.49 per share. This is partly due to the fact of the Time Warner deal. Regardless, KDK Fund's shares are now generating more wealth at a faster pace.
The dividend has been raised 2.1% to 0.49 per share. Since the original purchase of shares 15 months ago, the dividend has been raised 4.25%. With dividend reinvestment, the shares will create 5-7% more revenue than when they were bought.
The link to the Barron's story is here.
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