AT&T Inc. (NYSE:T) to Issue $0.28 Quarterly Dividend

AT&T Inc. (NYSE:T) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Monday, January 12th will be paid a dividend of 0.2775 per share by the technology company on Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, January 12th.

AT&T has decreased its dividend payment by an average of 0.1%annually over the last three years. AT&T has a payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect AT&T to earn $2.27 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 48.9%.

AT&T Stock Down 1.0%

Shares of AT&T stock traded down $0.25 during trading hours on Monday, reaching $24.33. 36,745,984 shares of the company’s stock were exchanged, compared to its average volume of 39,859,441. The company has a 50 day moving average of $25.41 and a two-hundred day moving average of $27.26. AT&T has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market cap of $172.46 billion, a P/E ratio of 7.90, a P/E/G ratio of 1.44 and a beta of 0.38.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. AT&T’s quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts forecast that AT&T will post 2.14 EPS for the current fiscal year.

Institutional Trading of AT&T

Hedge funds have recently modified their holdings of the stock. Front Row Advisors LLC bought a new position in AT&T in the 2nd quarter valued at about $25,000. Mountain Hill Investment Partners Corp. grew its position in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after purchasing an additional 702 shares during the last quarter. GGM Financials LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T during the second quarter worth approximately $26,000. Finally, Kennebec Savings Bank lifted its holdings in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.