BT: should investors wait for dividend return?
BT Group has suspended its dividend, warning shareholders not to expect a cash payout until December 2021. When dividends are restarted, management plan to reinstate the dividend at 7.7p, a 50% cut.
BT's (LON: BT.A) latest dividend cut will feel familiar to long-term shareholders, who also saw their payouts cut in 2001 and 2009. Indeed, it seems that each time BT's annual payout has approached 16p per share, a cut has followed. This week we're asking if it's finally time to start buying BT. We'll also review the latest results from Income Boosters stock PayPoint (LON: PAY), which has continued to make dividend payments despite COVID-19. Director buying could signal valueBack in January, we warned that BT's dividend look unsustainable. But with the shares now trading at levels not seen since 2009,…