AT&T

AT&T Declares Quarterly Dividend, on Track to Deliver Record Free Cash Flow and Strong Dividend Coverage for 2019

Originally published on ATT.com

The board of directors of AT&T Inc. (NYSE: T) today declared a quarterly dividend of $0.51 a share on the company’s common shares. The dividend is payable on November 1, 2019, to stockholders of record at the close of business on October 10, 2019.

Through 2018, AT&T has increased its quarterly dividend for 35 consecutive years, and the company’s strong cash flows have allowed it to support a strong dividend policy.

In the first half of 2019, AT&T generated $14.7 billion in free cash flow with a free cash flow dividend payout ratio of 50.6%, down from 77.3% in the first half of 2018.

The company expects full-year 2019 free cash flow in the $28 billion range, with a full-year dividend payout ratio in the 50% range versus 60% in 2018.1

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