AT&T Inc. (T) To Go Ex-Dividend on January 10th

AT&T Inc. (NYSE:T) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Stockholders of record on Friday, January 10th will be given 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 dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, January 10th.

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 49.6% indicating that 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 1.8 %

Shares of NYSE T opened at $22.20 on Wednesday. The firm has a market capitalization of $159.29 billion, a PE ratio of 18.05, a PEG ratio of 3.60 and a beta of 0.59. AT&T has a one year low of $15.94 and a one year high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $22.83 and a two-hundred day moving average price of $21.17.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on T shares. Barclays increased their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Tigress Financial boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.76.

About AT&T

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.