AT&T Preferred Cumulative Shares Series A And C Seeking A Bid

Ray Merola 14.37K Followers Follow Summary AT&T preferred shares, series A (T.PR.A) and C (T.PR.C), currently offer a 7.1% yield, trading well below $25 par. These preferred dividends appear secure, backed by strong free cash flow, and a sound balance sheet. The dividends are cumulative and benefit from preferential dividend tax treatment. BogdanVj/iStock via Getty Images Introduction I've been an AT&T ( T ) common shareholder for many years. The common dividend has been foundational to my portfolio objectives: a combination of growth and income. Earlier this summer, T common shares offered a buying This article was written by Ray Merola 14.37K Followers Follow Individual investor focused upon a limited number of diversified stocks. Seeks stocks selling below fair value estimates; favors dividend growth and/or income. Advocates fundamental investment analysis, supplemented by the technical charts. Options strategies primarily employed to generate additional income or hedge risk. If interested, you may find out more about my investment philosophy in the I.S.S. (Investment Strategy Statement) found in my listing of published articles or via this link: Investment Strategy Statement - Ray Merola | Seeking Alpha Analyst’s Disclosure: I/we have a beneficial long position in the shares of T.PR.A, T.PR.C either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.