AT&T Inc. (NYSE:T) Shareholders Set to Receive $0.28 Quarterly Dividend

AT&T Inc. (NYSE:T) announced a quarterly dividend on Thursday, September 24th. Shareholders 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 yield of 4.4%. The ex-dividend date of this dividend is Friday, October 9th.

AT&T has decreased its dividend payment by an average of 0.1%annually over the last three years. AT&T has a dividend payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities 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 NYSE T opened at $25.29 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $173.27 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 1.25 and a beta of 0.25. The stock’s fifty day moving average price is $24.77 and its two-hundred day moving average price is $24.88. AT&T has a one year low of $19.89 and a one year high of $29.43.

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

Institutional Trading of AT&T

Large investors have recently modified their holdings of the stock. State Street Corp grew its stake in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares during the period. Bank of America Corp DE raised its stake in shares of AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank bought a new position in AT&T during the 4th quarter valued at $2,181,977,000. Bank of New York Mellon Corp raised its holdings in shares of AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock valued at $2,109,443,000 after purchasing an additional 8,197,935 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AT&T by 1.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,375,637 shares of the technology company’s stock valued at $1,251,331,000 after acquiring an additional 482,321 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

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.