BT’s share price has fallen by more than 50% over the last two years and today its dividend yield is around 8%.
Ever the bargain hunter, I decided to take a closer look.
I wanted to see if BT had any major problems, or if the market was overreacting as it so often does.
This put BT firmly into the ‘bargepole’ category.
However, I think it’s important for newer investors to learn about (and hopefully avoid) these recurring problems, so I wrote up the BT review as an article for the June issue of Master Investor.
That issue went live a couple of days ago and today BT’s CEO announced that he’ll be stepping down because there is “a need for a change of leadership”.
Perhaps it’s just a coincidence? I’m not so sure…*
Is BT’s near-8% dividend yield a good reason to buy?
* I’m joking, of course.