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

AT&T Inc. (NYSE:T) announced a quarterly dividend on Wednesday, June 24th. Shareholders 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) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date 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. 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 Price Performance

Shares of NYSE T opened at $22.34 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T has a one year low of $21.99 and a one year high of $29.79. The firm has a market capitalization of $155.26 billion, a P/E ratio of 7.50, a PEG ratio of 0.95 and a beta of 0.21. The company’s fifty day moving average is $24.54 and its two-hundred day moving average is $25.68.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (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 business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the firm posted $0.51 EPS. The business’s 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. Analysts forecast that AT&T will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on T shares. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, March 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley began coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.