30th consecutive annual increase in the quarterly dividend reflects strength of cash flows, commitment to return value to stockholders
Dallas, Texas, December 13, 2013
AT&T Inc. (NYSE:T, news, filings) announced today that its board of directors has approved a 2.2 percent increase in the company’s quarterly dividend to stockholders.
AT&T directors increased the quarterly dividend rate from $0.45 to $0.46 a share on a quarterly basis, or an increase from $1.80 to $1.84 a share on an annualized basis.
“Returning value to our shareholders is one of AT&T’s top priorities,” said Randall Stephenson, chairman and CEO of AT&T. “We’ve now increased the quarterly dividend for 30 straight years. During this time, we’ve seen swings in the financial markets and we’ve led tremendous investment in new technologies that have transformed the industry. As we’ve done these things, we’ve also maintained one of the strongest balance sheets in the industry supported by strong cash flows. This financial strength has helped us honor our commitment to our owners.”
The dividend will be payable on Feb. 3, 2014 to common stockholders of record on Jan. 10, 2014.
*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 internationally. With a powerful array of network resources that includes the nation’s fastest and most reliable 4G LTE network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, 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 service with the AT&T U-verse® brand. The company’s suite of IP-based business communications services is one of the most advanced in the world.
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4G LTE speed claim based on national carriers’ average 4G LTE download speeds. Reliability claim based on data transfer completion rates on nationwide 4G LTE networks. 4G LTE availability varies.
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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