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Press Release -- September 27th, 2019
Source: AT&T
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AT&T Declares Quarterly Dividend, on Track to Deliver Record Free Cash Flow and Strong Dividend Coverage for 2019

Company has increased quarterly dividends for 35 consecutive years through 2018

The board of directors of AT&T Inc. (NYSE:T, news, filings) 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

1 Free cash flow is cash from operating activities minus capital expenditures. Free cash flow dividend payout ratio is dividends divided by free cash flow.

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