AT&T Inc. (NYSE:T) Declares Quarterly Dividend of $0.28

AT&T Inc. (NYSE:T) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Stockholders of record on Friday, January 10th will be paid a dividend of 0.2775 per share by the technology company on Monday, February 3rd. This represents a $1.11 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, January 10th.

AT&T has decreased its dividend by an average of 18.9% per year over the last three years. AT&T has a payout ratio of 49.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AT&T to earn $2.14 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 51.9%.

AT&T Stock Down 1.8 %

T opened at $22.20 on Wednesday. The stock has a market cap of $159.29 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $22.83 and its 200 day simple moving average is $21.17. AT&T has a 1-year low of $15.94 and a 1-year high of $24.03.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts expect that AT&T will post 2.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. UBS Group raised their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Wells Fargo & Company lowered their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays raised their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.