AT&T Inc. (NYSE:T) announced a quarterly dividend on Friday, March 26th, RTT News reports. Stockholders of record on Friday, April 9th will be given a dividend of 0.52 per share by the technology company on Monday, May 3rd. This represents a $2.08 annualized dividend and a dividend yield of 6.71%. The ex-dividend date is Thursday, April 8th.
AT&T has increased its dividend payment by 6.1% over the last three years and has raised its dividend annually for the last 37 consecutive years. AT&T has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect AT&T to earn $3.20 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 65.0%.
Shares of NYSE T opened at $30.98 on Wednesday. AT&T has a 1 year low of $26.35 and a 1 year high of $33.24. The firm’s 50 day moving average price is $29.59 and its 200 day moving average price is $28.90. The firm has a market cap of $220.94 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 0.84.
A hedge fund recently bought a new stake in AT&T stock. OLD Mission Capital LLC bought a new position in AT&T Inc. (NYSE:T) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,890 shares of the technology company’s stock, valued at approximately $453,000. Institutional investors own 51.17% of the company’s stock.
T has been the topic of a number of analyst reports. CIBC restated a “buy” rating on shares of AT&T in a research report on Wednesday, February 10th. Raymond James reaffirmed a “buy” rating on shares of AT&T in a research note on Monday, March 15th. Morgan Stanley downgraded shares of AT&T from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $36.00 to $34.00 in a research note on Thursday, December 17th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a research note on Thursday, December 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of AT&T in a research note on Wednesday, March 3rd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. AT&T has an average rating of “Hold” and an average price target of $31.47.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.
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