08/31/2024, 02:41 PM UTC
AT&T:你需要的是总股东回报,不仅仅是股息AT&T: You Need Total Shareholder Yield, Not Dividends
1、AT&T的高股息收益率5.6%并未完全反映其潜在上涨空间,因为总股东回报还包括股票回购和债务偿还。2、以折扣价回购股票可能导致财富从出售股票的股东转移到剩余股东。3、债务偿还通过降低企业价值和改善估值指标,增强了公司的吸引力。1. AT&T's high dividend yield of 5.6% does not fully reflect its potential upside due to the inclusion of total shareholder yield, which includes share buybacks and debt paydowns. 2. Share repurchases at discounts can result in wealth transfer from selling shareholders to remaining shareholders. 3. Debt paydowns enhance the company's attractiveness by reducing enterprise value and improving valuation metrics.
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