AT&T Inc. (T) to Issue Quarterly Dividend of $0.28 on November 1st

AT&T Inc. (NYSE:T) declared a quarterly dividend on Friday, September 27th, Wall Street Journal reports. Stockholders of record on Thursday, October 10th will be given a dividend of 0.2775 per share by the technology company on Friday, November 1st. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Thursday, October 10th.

AT&T has decreased its dividend payment by an average of 18.9% annually over the last three years. AT&T has a dividend payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AT&T to earn $2.34 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 47.4%.

AT&T Trading Down 0.6 %

AT&T stock opened at $21.78 on Tuesday. The firm has a 50-day moving average of $20.47 and a 200-day moving average of $18.68. AT&T has a one year low of $14.23 and a one year high of $22.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company has a market cap of $156.17 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 3.78 and a beta of 0.60.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same period in the prior year, the business posted $0.63 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts expect that AT&T will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

T has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Evercore ISI raised their target price on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, July 25th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Finally, Citigroup increased their price target on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.38.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.