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

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

AT&T has decreased its dividend payment by an average of 0.1%per year over the last three years. AT&T has a dividend 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 Performance

T stock opened at $24.00 on Friday. AT&T has a 1-year low of $21.38 and a 1-year 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 firm has a market cap of $170.11 billion, a PE ratio of 7.79, a P/E/G ratio of 1.29 and a beta of 0.39. The business’s 50-day moving average price is $24.91 and its two-hundred day moving average price is $26.78.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same quarter last year, the firm posted $0.60 earnings per share. AT&T’s revenue was up 1.7% compared to the same quarter last year. As a group, research analysts forecast that AT&T will post 2.14 earnings per share for the current year.

Institutional Trading of AT&T

Several hedge funds have recently made changes to their positions in T. Front Row Advisors LLC bought a new stake in AT&T in the 2nd quarter valued at about $25,000. Mountain Hill Investment Partners Corp. increased its stake 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 worth $25,000 after purchasing an additional 702 shares in the last quarter. GGM Financials LLC bought a new stake in shares of AT&T in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of AT&T in the second quarter valued at approximately $26,000. Finally, Kennebec Savings Bank lifted its stake in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

About AT&T

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.