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DALLAS - AT&T Inc. (NYSE:T) has announced that its board of directors declared a quarterly dividend of $0.2775 per share on the company’s common shares, with payment scheduled for May 1, 2025. In addition to common stock dividends, the board also declared dividends on Series A and Series C preferred stock, payable on the same date to stockholders of record as of April 10, 2025.
The declared dividend for the 5.000% Perpetual Preferred Stock, Series A, is $312.50 per preferred share, equating to $0.3125 per depositary share, while the 4.750% Perpetual Preferred Stock, Series C dividend is set at $296.875 per preferred share or $0.296875 per depositary share.
This financial move by AT&T aligns with its history of regular quarterly dividends, reflecting the company’s commitment to delivering shareholder value. As one of the largest communication companies, AT&T has been a staple in the U.S. market, serving over 100 million families and businesses with a range of services from traditional telephony to advanced 5G wireless and multi-gig internet offerings.
The announcement is based on a press release statement and is intended to inform shareholders and the market about the upcoming dividends, maintaining transparency in the company’s financial practices. According to InvestingPro’s analysis, AT&T maintains a "GOOD" overall Financial Health Score of 2.8, suggesting solid operational performance.
In other recent news, AT&T is reportedly in exclusive talks to acquire Lumen Technologies’ consumer fiber operations, a deal potentially valued at over $5.5 billion. This acquisition aligns with AT&T’s strategy to expand its fiber network, with analysts suggesting it could enhance the company’s market position and phase out legacy copper-based services. Bernstein has maintained an Outperform rating on AT&T, with a $29 price target, indicating confidence in the company’s strategic moves. Similarly, Goldman Sachs has reaffirmed a Buy rating, also with a $29 target, citing AT&T’s strong market share and defensive nature as key strengths.
Raymond James has increased its price target for AT&T to $29, up from $28, while maintaining a Strong Buy rating, following the company’s fourth-quarter results. The analyst noted AT&T’s financial guidance for 2025, including anticipated earnings per share of at least $0.48 and free cash flow of $2.8 billion or more. Despite adjusting some estimates due to competitive pressures, Raymond James expressed optimism about AT&T’s growth potential and financial performance. Additionally, AT&T is involved in discussions with BT and Orange for potential partnerships, as BT seeks to revitalize its international business.
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