AT&T Inc. (T) To Go Ex-Dividend on July 10th

AT&T Inc. (NYSE:T) declared a quarterly dividend on Wednesday, June 24th. Investors 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 5.3%. The ex-dividend date is Friday, July 10th.

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. Research 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 Stock Up 2.3%

NYSE:T opened at $21.05 on Wednesday. The company has a market cap of $146.28 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. AT&T has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $25.47.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T will post 2.31 EPS for the current year.

Institutional Investors Weigh In On AT&T

Hedge funds have recently modified their holdings of the business. Tsfg LLC boosted its position in AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after acquiring an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in shares of AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after acquiring an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after purchasing an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of AT&T by 1.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC boosted its position in AT&T by 3.8% during the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

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.