AT&T Inc. (NYSE:T – Get Free Report) 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.
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.
Read Our Latest Stock Analysis on AT&T
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.
Featured Articles
- Five stocks we like better than AT&T
- 3 Healthcare Dividend Stocks to Buy
- Hims & Hers Stock Joins S&P 600: Is More Upside on the Horizon?
- Why Are These Companies Considered Blue Chips?
- Conagra’s EPS Miss Opens the Door for a Buy-the-Dip Opportunity
- What is the NASDAQ Stock Exchange?
- Top 3 Business Development Companies for Double-Digit Dividends
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.