AT&T Inc. (NYSE:T) Declares $0.28 Quarterly Dividend

AT&T Inc. (NYSE:T) declared a quarterly dividend on Friday, March 28th, RTT News reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.2775 per share by the technology company on Thursday, May 1st. This represents a $1.11 annualized dividend and a yield of 3.94%.

AT&T has decreased its dividend by an average of 18.9% per year over the last three years. AT&T has a dividend payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AT&T to earn $2.27 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 48.9%.

AT&T Stock Performance

Shares of AT&T stock traded down $0.00 on Friday, reaching $28.20. The stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,178,243. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business’s 50-day moving average price is $25.59 and its two-hundred day moving average price is $23.47. The stock has a market cap of $202.40 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T has a fifty-two week low of $15.94 and a fifty-two week high of $28.49.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts forecast that AT&T will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on T shares. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein lifted their target price on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

Institutional Trading of AT&T

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC raised its stake in AT&T Inc. (NYSE:T) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,579 shares of the technology company’s stock after acquiring an additional 10,188 shares during the quarter. Brighton Jones LLC’s holdings in AT&T were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.