Purple Innovation confirms buyout bid that values mattress seller at about $362 million


AT&T Inc.

said Friday it was keeping its quarterly dividend at 27.75 cents a share, payable Nov. 1 to shareholders of record on Oct. 10. With the telecommunications and media company’s stock down 0.8% in afternoon trading, the annual dividend rate implies a dividend yield of 7.21%, which compares with the yield for the SPDR Communication Services Select Sector ETF

of 1.17% and the implied yield for the S&P 500

of 1.83%, and the yield of the 10-year Treasury note

of 3.742%. AT&T’s stock was the ninth-highest yielding stock in the S&P 500, behind leaders communications services company Lumen Technologies Inc.

at 13.67% and oil and gas exploration company Pioneer Natural Resources Co.

at 10.78%.


Image and article originally from www.marketwatch.com. Read the original article here.

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