AT & T said on March 31, 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.
Shares must be purchased before the ex-div date of April 6, 2023 to qualify for the dividend.
Shareholders of record as of April 10, 2023
will receive the payment on May 1, 2023.
At the current share price of $19.25 / share,
the stock’s dividend yield is 5.77%.
Looking back five years and taking a sample every week, the average dividend yield has been
8.17%,
the lowest has been 5.30%,
and the highest has been 10.69%.
The standard deviation of yields is 1.30 (n=237).
The current dividend yield is
1.85 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is -0.93.
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.
The company’s 3-Year dividend growth rate is -0.47%.
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Analyst Price Forecast Suggests 11.94% Upside
As of March 31, 2023,
the average one-year price target for AT & T is $21.55.
The forecasts range from a low of $9.09 to a high of $29.40.
The average price target represents an increase of 11.94% from its latest reported closing price of $19.25.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AT & T
is $125,417MM, an increase of 3.87%.
The projected annual non-GAAP EPS
is $2.62.
What is the Fund Sentiment?
There are 3440 funds or institutions reporting positions in AT & T.
This is an increase
of
156
owner(s) or 4.75% in the last quarter.
Average portfolio weight of all funds dedicated to T is 0.41%,
a decrease
of 4.53%.
Total shares owned by institutions increased
in the last three months by 3.05% to 4,147,160K shares.
The put/call ratio of T is 0.51, indicating a
bullish
outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 216,643K shares
representing 3.04% ownership of the company.
In it’s prior filing, the firm reported owning 212,603K shares, representing
an increase
of 1.86%.
The firm
increased
its portfolio allocation in T by 12.94% over the last quarter.
Newport Trust
holds 195,316K shares
representing 2.74% ownership of the company.
In it’s prior filing, the firm reported owning 203,166K shares, representing
a decrease
of 4.02%.
The firm
decreased
its portfolio allocation in T by 5.30% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 164,756K shares
representing 2.31% ownership of the company.
In it’s prior filing, the firm reported owning 161,540K shares, representing
an increase
of 1.95%.
The firm
increased
its portfolio allocation in T by 12.77% over the last quarter.
Geode Capital Management
holds 133,857K shares
representing 1.88% ownership of the company.
In it’s prior filing, the firm reported owning 133,693K shares, representing
an increase
of 0.12%.
The firm
increased
its portfolio allocation in T by 11.08% over the last quarter.
Spdr S&p 500 Etf Trust
holds 79,091K shares
representing 1.11% ownership of the company.
In it’s prior filing, the firm reported owning 24,265K shares, representing
an increase
of 69.32%.
The firm
increased
its portfolio allocation in T by 532.98% 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.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
