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

AT&T Inc. (NYSE:T - Get Free Report) announced a quarterly dividend on Friday, March 21st, RTT News reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.2775 per share by the technology company on Thursday, May 1st. This represents a $1.11 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, April 10th.

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 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 Price Performance

Shares of T stock traded up $0.25 during mid-day trading on Tuesday, hitting $28.53. The company had a trading volume of 21,563,406 shares, compared to its average volume of 36,190,667. The company has a market capitalization of $204.76 billion, a P/E ratio of 19.15, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T has a 52-week low of $15.94 and a 52-week high of $28.61. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock's 50 day moving average price is $25.82 and its 200-day moving average price is $23.59.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts forecast that AT&T will post 2.14 earnings per share for the current year.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on T. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price on the stock. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,579 shares of the technology company's stock after purchasing an additional 10,188 shares during the quarter. Brighton Jones LLC's holdings in AT&T were worth $1,106,000 at the end of the most recent reporting period. Institutional investors 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.