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

AT&T Inc. (NYSE:T) announced a quarterly dividend on Monday, December 15th. Investors of record on Monday, January 12th will be paid 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 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 Trading Down 1.0%

NYSE:T opened at $24.33 on Tuesday. The company has a market cap of $172.46 billion, a P/E ratio of 7.90, a P/E/G ratio of 1.44 and a beta of 0.38. The stock’s fifty day moving average price is $25.37 and its two-hundred day moving average price is $27.23. AT&T has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

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

Analyst Ratings Changes

Several analysts have issued reports on T shares. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday. The Goldman Sachs Group began coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective on the stock. Williams Trading set a $33.00 target price on AT&T in a research note on Thursday, October 23rd. Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.