Thursday, December 15, 2011

AT&T Boosts its Quarterly Dividend

AT&T announced a 2.3 percent increase in its quarterly dividend paid to stockholders -- 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.�?