Filed under: Major movement, Good news, AT and T (T), Options, Technical Analysis

AT&T Inc. (NYSE: T) announced this morning that it will raise its quarterly dividend to 0.40 per share and buy back 400M shares. The company also expects its television service, known as U-verse, to be available to 30 million customers by 2010. The service, which will be delivered over phone lines, is expected to reach more than 1 million subscribers by the end of 2008. T expects the service to contribute to expected adjusted earnings growth in the double-digits and mid-single-digit or better revenue growth through 2010. If you think that the company won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on T.

Continue reading AT&T (T) rises on boosted dividend, $15B buyback, TV plan

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This entry was posted on Tuesday, December 11th, 2007 at 11:29 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.