AT&T (T) Declares $0.28 Dividend
AT&T said on September 29, 2023 that its board of directors declared a regular quarterly dividend of $0.28 per share ($1.11 annualized). Previously, the company paid $0.28 per share.
Shareholders of record as of October 10, 2023 will receive the payment on November 1, 2023.
At the current share price of $14.83 / share, the stock's dividend yield is 7.48%.
Looking back five years and taking a sample every week, the average dividend yield has been 8.08%, the lowest has been 5.30%, and the highest has been 10.69%. The standard deviation of yields is 1.36 (n=236).
The current dividend yield is 0.43 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is -0.90. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is -0.47%.
What is the Fund Sentiment?
There are 3179 funds or institutions reporting positions in AT&T. This is an increase of 39 owner(s) or 1.24% in the last quarter. Average portfolio weight of all funds dedicated to T is 0.37%, a decrease of 16.23%. Total shares owned by institutions increased in the last three months by 15.28% to 4,025,921K shares. 
The put/call ratio of T is 0.42, indicating a bullish outlook.
- For more in-depth coverage of AT&T, view the free, crowd-sourced company research report on Finpedia.
Analyst Price Forecast Suggests 26.14% Upside
As of October 5, 2023, the average one-year price target for AT&T is 18.71. The forecasts range from a low of 8.08 to a high of $26.25. The average price target represents an increase of 26.14% from its latest reported closing price of 14.83.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AT&T is 125,417MM, an increase of 3.27%. The projected annual non-GAAP EPS is 2.62.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 223,288K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 220,828K shares, representing an increase of 1.10%. The firm decreased its portfolio allocation in T by 22.70% over the last quarter.
Newport Trust holds 199,325K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 196,654K shares, representing an increase of 1.34%. The firm increased its portfolio allocation in T by 7.28% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 170,214K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 166,325K shares, representing an increase of 2.28%. The firm decreased its portfolio allocation in T by 23.20% over the last quarter.
Geode Capital Management holds 138,173K shares representing 1.93% ownership of the company. In it's prior filing, the firm reported owning 134,387K shares, representing an increase of 2.74%. The firm decreased its portfolio allocation in T by 22.94% over the last quarter.
Spdr S&p 500 Etf Trust holds 80,990K shares representing 1.13% ownership of the company. In it's prior filing, the firm reported owning 77,763K shares, representing an increase of 3.98%. The firm decreased its portfolio allocation in T by 23.48% over the last quarter.
AT&T Background Information
(This description is provided by the company.)
AT&T Inc. is a diversified, global leader in telecommunications, media and entertainment, and technology. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband. Plus, it serves high-speed, highly secure connectivity and smart solutions to nearly 3 million business customers. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Xandr, now part of WarnerMedia, provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its platform. AT&T Latin America provides pay-TV services across 10 countries and territories in Latin America and the Caribbean and wireless services to consumers and businesses in Mexico. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2020 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Additional reading:
- AT&T HEALTH PLAN Effective January 1, 2024
- AT&T INC. STOCK PURCHASE AND DEFERRAL PLAN Adopted November 19, 2004 As amended through May 18, 2023
- AT&T EXECUTIVE PHYSICAL PROGRAM
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This story originally appeared on Fintel.