AT&T: Solid Passive Income Play

0:00It's April 2nd. You're listening to Durham News today, AI-powered local news. I'm Cory with the story. Want that $1,000 a year in passive income without selling shares? AT&T is your classic play. At $28.99 per share, and an annual dividend of $1.11, you need 901 shares. That means dropping about $26,120 up front for quarterly payouts that add up steady. The yield sits just under 4%. Not the flashiest, but rock solid for long-term holders. Analysts see free cash flow jumping from $16.6 billion in 2025 to $22.7 billion by 2030. Backing those dividends without strain, income investors love this math because it turns vague dreams into real plans. No wild stockpicks needed AT&T's a household name with a track record even after slashing its payout back in 2022 to get sustainable. A getting, lately, the company's crushing it operationally, adding over a million

1:02fiber customers for the eighth year running, expanding to $32 million, locations, and sealing a big loom and deal for even more reach. CEO John Stanky says free cash flow hits $18 billion plus in 2026, with $45 billion going back to shareholders by dividends, and buybacks. Bottom line, if you're building dividend income with visibility and growth, AT&T fits the bill, just keep an eye on debt from recent deals and that old. Copper network phase out by 2029, solid bet for the patient.