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

AT&T Inc. (NYSE:T - Get Free Report) declared a quarterly dividend on Wednesday, June 25th, RTT News reports. Shareholders of record on Thursday, July 10th will be given a dividend of 0.2775 per share by the technology company on Friday, August 1st. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date is Thursday, July 10th.

AT&T has a payout ratio of 49.8% meaning 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 Price Performance

T stock traded up $0.08 during mid-day trading on Friday, hitting $28.08. The stock had a trading volume of 37,331,600 shares, compared to its average volume of 36,487,186. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T has a 52 week low of $18.14 and a 52 week high of $29.03. The firm has a market capitalization of $202.02 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.97 and a beta of 0.41. The firm has a fifty day simple moving average of $27.63 and a 200 day simple moving average of $25.94.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the business earned $0.55 earnings per share. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that AT&T will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 26.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of several research reports. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Morgan Stanley reaffirmed an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. TD Securities lifted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.76.

About AT&T

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.