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

AT&T Inc. (NYSE:T) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Investors of record on Friday, January 10th will be paid a dividend of 0.2775 per share by the technology company on Monday, February 3rd. This represents a $1.11 dividend on an annualized basis and a yield of 4.75%.

AT&T has decreased its dividend by an average of 18.9% per year over the last three years. AT&T has a payout ratio of 50.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AT&T to earn $2.14 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 51.9%.

AT&T Trading Down 0.5 %

Shares of NYSE T opened at $23.36 on Friday. AT&T has a 1 year low of $15.94 and a 1 year high of $24.03. The stock has a market cap of $167.61 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The firm has a 50-day moving average of $22.47 and a 200 day moving average of $20.51. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the company posted $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that AT&T will post 2.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on T. Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Moffett Nathanson lifted their target price on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Barclays lifted their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.