AT&T Inc. (NYSE:T – Get Free Report) announced a quarterly dividend on Wednesday, June 24th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.2775 per share by the technology company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, July 10th.
AT&T has decreased its dividend payment by an average of 0.1%per year over the last three years. AT&T has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AT&T to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 44.0%.
AT&T Stock Performance
Shares of AT&T stock opened at $22.34 on Thursday. The business has a 50-day moving average price of $24.54 and a two-hundred day moving average price of $25.68. AT&T has a 1-year low of $21.99 and a 1-year high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market cap of $155.26 billion, a P/E ratio of 7.50, a PEG ratio of 0.95 and a beta of 0.21.
Key AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T declared a quarterly dividend of $0.2775 per share, reinforcing its appeal as a high-yield income stock with an annualized yield of about 5.0%. AT&T Declares Dividends on Common and Preferred Shares
- Positive Sentiment: AT&T also announced continued collaboration with Intrado to support next-generation 9-1-1 services, which may help strengthen its network capabilities and support regulatory compliance. Intrado and AT&T Strengthen Longstanding Collaboration to Support NG 9-1-1 Innovation
- Neutral Sentiment: Multiple market recaps simply noted that AT&T fell more than the broader market, without identifying a major new catalyst beyond sector weakness. Here’s Why AT&T (T) Fell More Than Broader Market
- Negative Sentiment: California regulators pushed back on AT&T’s copper-network retirement plans, creating a fresh policy overhang that could slow network modernization efforts. What California's Regulatory Resistance Means For AT&T Stock
AT&T Company Profile
AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.
AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.
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