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

AT&T Inc. (NYSE:T) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Friday, July 10th will be given a dividend of 0.2775 per share by the technology company on Monday, August 3rd. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, July 10th.

AT&T has decreased its dividend by an average of 0.1%per year over the last three years. AT&T has a payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 2.0%

Shares of NYSE:T opened at $22.34 on Thursday. The stock’s 50-day moving average price is $24.54 and its two-hundred day moving average price is $25.68. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T has a 12-month low of $21.99 and a 12-month high of $29.79. The firm has a market cap of $155.26 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.95 and a beta of 0.21.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts forecast that AT&T will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. GGM Financials LLC purchased a new stake in AT&T during the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. purchased a new position in shares of AT&T in the 4th quarter valued at $26,000. Finally, Blueline Advisors LLC purchased a new position in shares of AT&T in the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 57.10% of the company’s 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.