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

AT&T Inc. (NYSE:T) announced a quarterly dividend on Friday, March 28th, RTT News reports. Investors 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 annualized dividend and a dividend 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% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.0 %

Shares of NYSE T opened at $28.20 on Friday. The business has a 50 day simple moving average of $25.70 and a 200 day simple moving average of $23.53. AT&T has a 52 week low of $15.94 and a 52 week high of $28.51. The stock has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last released its quarterly earnings results 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%. On average, research analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AT&T

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

Analysts Set New Price Targets

Several research firms recently issued reports on T. The Goldman Sachs Group increased their price target 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. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

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.