The board of directors of AT&T Inc. (NYSE:T, news, filings) today declared a quarterly dividend of $0.52 a share on the company’s common shares. The dividend is payable on Feb 1, 2021, to stockholders of record at the close of business on Jan. 11, 2021.
Additionally, the board of directors declared quarterly dividends on the company’s 5.000% Perpetual Preferred Stock, Series A and the company’s 4.750% Perpetual Preferred Stock, Series C. The Series A dividend is $312.50 per preferred share, or $0.3125 per depositary share. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. The dividends are payable on Feb. 1, 2021, to stockholders of record at the close of business on Jan. 11, 2021.
The company expects to have the financial flexibility in 2021 to continue to invest in growth areas, sustain the dividend at current levels and focus on debt reduction.
AT&T’s 2021 financial outlook and capital allocation guidance will be provided when the company announces 4Q results on January 27, 2021.