Bring on 5G, AT&T

March toward $1,000,000: Week 27 (Jan. 22-25)

I don’t know why so many people are losing their minds over 5G. I mean, I haven’t been investing all that long and I already have $5,000.

How was that for a lame joke?

OK, so obviously I’m not talking about five grand. I’m talking about 5G – the new super-fast mobile network set to revolutionize the world. It’s already a thing, by the way, and we have AT&T (Ticker: T) to thank for bringing it to us first.

Yeah, an extremely small group of people can actually access it, and it’s nowhere near the true 5G we can expect in the years to come, but it’s alive … even if it’s still in its infancy.

More: AT&T launches 5G network

More: AT&T 5G network goes live in 12 cities

More: 5G is here. What that means and how you can get it

The network, which all the big boys will undoubtedly roll out sooner than later, promises to bring us super slick mobile gaming and streaming and connected cities. Connected cities!!!!!

More: Connected cities, people

So, why am I telling you all this? Because it got me to pick up a few shares of AT&T stock this week, that’s why.

This week’s purchase

I added five shares of AT&T for $30.89 apiece, boosting my forward annual income a cool $10 bucks or so, from $208.21 to $218.41

AT&T is now my second-largest holding (behind Apple) as my 32.09679 shares are worth exactly $984.09 as of Friday’s close. The shares will produce an estimated $65.48 of income over the course of the next year. At current levels, that will buy me another two shares when reinvested.

This week’s dividend

I received one dividend payment this week: $0.33 for the share of Cisco (Ticker: CSCO) I own. Once automatically reinvested, it became another 0.00731 shares of the company. Not much, but I’ll take it.

The Bottom Line

The $0.33 dividend from Cisco brought my January and 2019 total to $2.59 while the five shares of AT&T I picked up added $10.20 to my forward annual income total.

In case you missed it

Welcome to the Dividend Farm, ADP

Wall Street is freaking out over Apple warning

March on!

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