AT&T Inc. (NYSE:T) Shares Will Pay Quarterly Dividend of $0.28

AT&T Inc. (NYSE:T) declared a quarterly dividend on Thursday, September 24th. Investors of record on Monday, October 12th will be paid 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 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% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.7%

NYSE T traded down $0.18 during trading on Friday, reaching $25.27. The company’s stock had a trading volume of 1,507,175 shares, compared to its average volume of 48,512,281. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $173.13 billion, a PE ratio of 8.37, a PEG ratio of 1.25 and a beta of 0.25. AT&T has a 1-year low of $19.89 and a 1-year high of $29.43. The business has a 50-day moving average price of $24.77 and a 200-day moving average price of $24.88.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of 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 buying an additional 8,314,678 shares in the last quarter. Bank of America Corp DE increased its holdings 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 valued at $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Norges Bank acquired a new position in AT&T during the 4th quarter worth $2,181,977,000. Bank of New York Mellon Corp lifted its holdings in AT&T by 12.7% during the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after buying an additional 8,197,935 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $1,251,331,000 after acquiring an additional 482,321 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

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.