28th consecutive annual increase in the quarterly dividend reflects confidence in cash flows, commitment to return value to stockholders
Dallas, Texas, December 16, 2011
AT&T Inc. (NYSE:T, news, filings) announced today that its board of directors has approved a 2.3 percent increase in the company’s quarterly dividend paid to stockholders.
AT&T directors increased the quarterly dividend rate from $0.43 to $0.44 a share on a quarterly basis, which would be an increase from $1.72 to $1.76 a share on an annualized basis.
“Throughout the economic downturn, we’ve been very disciplined financially, which has given us strong cash flows and an ability to pay down debt while investing about $20 billion this year to support more customer usage,” said Randall Stephenson, chairman and CEO of AT&T. “As a result, we’re pleased to be able to increase our stockholders’ quarterly dividend for an industry-leading 28th consecutive year. We know millions of our owners are individuals and they count on their AT&T dividend each quarter. It’s a responsibility to our owners that we take seriously.”
Today’s announcement reflects AT&T’s strong financial position, with a solid balance sheet and growing free cash flows.
The dividend will be payable on Feb. 1, 2012 to common stockholders of record on Jan. 10, 2012.
*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.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T | DIRECTV brands. The company’s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
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Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
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