What did AT&T cut its dividend to? (2024)

What did AT&T cut its dividend to?

AT&T (ticker: T) joined this club on Tuesday, when it said it expects that its annual dividend will be $1.11 a share, down sharply from $2.08 in 2021, after its planned spinoff of its WarnerMedia assets as part of a deal with Discovery (DISCA) that is expected to close in the second quarter.

Did AT&T cut the dividend?

Before the dividend reduction in 2022, AT&T maintained a 35-year streak of increases to the payout. Those dividend hikes provided a sense of confidence in the stock and the payout. Unfortunately, when the company removed that safeguard with the dividend cut, confidence in the stock fell along with the stock price.

Is AT&T dividend safe?

1: The dividend appears safe. Normally, when dividend yields rise about 4% or 5%, investors worry that the company can't fund the dividend. However, that doesn't appear to be the case for AT&T.

How much will AT&T dividend be?

Share. Key Takeaways: The board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares. Dividends on common stock and Series A and Series C preferred stock are payable on February 1, 2024.

What is AT&T dividend for 2023?

AT&T Inc. Historical Common Dividends Data
YearPayment DateAmount
202311-01-23$0.2775
08-01-23$0.2775
05-01-23$0.2775
02-01-23$0.2775
143 more rows

Why did AT&T cut their dividend in half?

“I'd much rather be pouring some of that cash back into the infrastructure of this business to [generate] returns at a higher level than what we pay out on the dividend. So it's time to make that transition for this company,” Stankey said on “Squawk Box” from the AT&T Pebble Beach Pro-Am golf tournament in California.

Is AT&T a buy or sell?

AT&T has a conensus rating of Moderate Buy which is based on 8 buy ratings, 5 hold ratings and 1 sell ratings. What is AT&T's price target? The average price target for AT&T is $20.58. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is AT&T's 7% dividend yield sustainable?

Furthermore, its dividend yield of close to 7% is a great play for income-oriented investors, as the dividend is clearly sustainable in the short to medium term, even considering potential risks like the lead cable issues.

Why is AT&T dividend so high?

AT&T has one of the highest dividends in the S&P 500, with a trailing-12-month yield of around 6.7%. Unfortunately, part of the reason the dividend yield is so high is because AT&T's stock price has been falling. Regardless, AT&T's lucrative dividend is appealing to investors seeking consistent income.

Who has more debt AT&T or Verizon?

AT&T carries $138 billion in debt on its balance sheet, including $11.3 billion that matures in less than a year, and it has $7.5 billion in cash. Verizon, meanwhile, finished its quarter with $147.4 billion in debt, including $13 billion in debt due within the next year.

What stock pays the highest dividend?

9 high-dividend stocks
TickerCompanyDividend Yield
ARIApollo Commercial Real Estate Finance Inc12.72%
CIVICivitas Resources Inc11.10%
CVICVR Energy Inc10.65%
PDMPiedmont Office Realty Trust Inc10.21%
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5 days ago

How are AT&T dividends paid?

Dividend Payments

Dividends on common stock are normally paid quarterly on the first business day in February, May, August and November to stockholders of record at the close of business on the record date declared by the board of directors.

What is Verizon dividend for 2023?

VZ Dividend History
Ex/EFF DateTypeCash Amount
01/09/2024Cash$0.665
10/06/2023Cash$0.665
07/07/2023Cash$0.6525
04/06/2023Cash$0.6525
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What is the stock price forecast for AT&T in 2024?

For 2024, AT&T sees free cash flow coming in between $17 billion and $18 billion. A stock price of $21 per share implies a market capitalization of about $151 billion. At the midpoint of AT&T's free cash flow guidance range, the price-to-free cash flow ratio at $21 per share works out to about 8.6.

Which company gives highest dividend in 2023?

High Payouts! 5 largecap companies that delivered the highest dividend yields in 2023
  • iStock. 1/6. Dividend Play. ...
  • ETMarkets.com. 2/6. Vedanta. ...
  • ETMarkets.com. 3/6. Hindustan Zinc. ...
  • Agencies. 4/6. Coal India. ...
  • ETMarkets.com. 5/6. Indian Oil Corporation. ...
  • Agencies. 6/6. Power Grid Corporation of India.
Dec 19, 2023

Why is AT&T stock down?

Once AT&T abandoned its media ambitions, culminating with the spin-off of WarnerMedia in 2022, uncertainty over its wireless business, concerns about its massive debt load, and general distrust from investors continued to put pressure on the stock.

Will AT&T rebound?

Outlook & Growth Comparison

On the top line, AT&T's sales are projected to decline -5% in FY23 but rebound and rise over 1% in FY24 to $123.64 billion although this would still be below the industry's historical growth rate of 2%.

Is AT&T a good long-term stock?

Fair Value Estimate for AT&T Stock

Our estimate implies an enterprise value of 7.5 times our 2024 EBITDA estimate and equals a 10% free cash flow yield based on actual 2023 results. In total, we believe consolidated revenue can grow 2%-3% annually over the next five years.

Is AT&T a good investment right now?

The financial health and growth prospects of T, demonstrate its potential to outperform the market. It currently has a Growth Score of C. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.

Is AT&T a good long-term buy?

AT&T stock is still a smart buy

It looks like the heavy investment cycle for this corner of the telecom industry could be tapering, which would be good news for both companies and their investors. AT&T stock continues to trade at levels that leave room for long-term investors to see strong returns.

Is AT&T no longer a dividend aristocrat?

And because all things must come to an end, here are the two stocks that recently left the dividend aristocrats index: AT&T Inc. (T). Telecom giant AT&T was a long-standing member of the illustrious dividend aristocrats list, having hiked its dividend for over 35 consecutive years.

How often are AT&T dividends paid?

AT&T pays a dividend 4 times a year. Payment months are February, May, August, November. The dividend calendar shows you for more than 2,700 dividend stocks in which month which company distributes its dividends. Plan your passive income for the whole year.

How many years has AT&T paid a dividend?

Historical dividend payout and yield for AT&T (T) since 1989. The current TTM dividend payout for AT&T (T) as of January 23, 2024 is $1.11. The current dividend yield for AT&T as of January 23, 2024 is 6.61%.

When was AT&T last dividend?

AT&T Inc.'s ( T ) quarterly dividend per share was $0.28 as of February 1, 2024 . AT&T Inc.'s latest ex-dividend date was on January 9, 2024 . The T stock shareholders received the last dividend payment of $0.28 per share on February 1, 2024 . AT&T Inc.'s next dividend payment will be on February 1, 2024 .

Is Verizon cutting dividend?

“Verizon has never cut its dividend and AT&T has no need to cut its dividend again,” King says. The AT&T payout was cut by more than 40% in conjunction with its spinoff to shareholders of a 71% stake in Warner Brothers Discovery in 2022.

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