AT&T Inc. (T) to Issue Quarterly Dividend of $0.28 on November 2nd

AT&T Inc. (NYSE:T) declared a quarterly dividend on Thursday, September 24th. Stockholders of record on Monday, October 12th will be given a dividend of $0.2775 per share by the technology company on Monday, November 2nd. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, October 9th.

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% indicating that its dividend is sufficiently covered by earnings. Analysts expect AT&T to earn $2.56 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 43.4%.

AT&T Stock Performance

Shares of T opened at $25.39 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $173.98 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.27 and a beta of 0.25. The stock has a 50 day moving average of $24.85 and a 200 day moving average of $24.88. AT&T has a 12 month low of $19.89 and a 12 month high of $29.43.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday, July 22nd. Scotiabank lowered their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research report on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.20.

AT&T Company Profile

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.