AT&T Inc (T) has been named as the ''Top Dividend Stock of the Dow'', according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among the components of the Dow Jones Industrial Average , T shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent T share price of $33.85 represents a price-to-book ratio of 2.1 and an annual dividend yield of 5.4% — by comparison, the average dividend paying stock in the Dow yields 2.6% and trades at a price-to-book ratio of 3.9. The report also cited the strong quarterly dividend history at AT&T Inc, and favorable long-term multi-year growth rates in key fundamental data points.
Why AT&T is the 'Top Dividend Stock of the Dow' With 5.4% Yield (T)
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