AT&T Keeps Dividend Steady
Another shareholder payout is on the line from AT&T . The telecom giant has declared its latest quarterly common stock dividend. It will pay $0.45 per share on August 1 to shareholders of record as of July 10. That amount matches both of the firm's previous distributions, the most recent of which was handed out at the beginning of May. Prior to that, AT&T was marginally less generous, disbursing $0.44 per share.
Although the firm is a reliable dividend payer, it tends to be conservative in lifting its distributions. From the beginning of 2008, these have ranged from $0.40 per share to the current level.
The just-declared dividend annualizes to $1.80 per share. That yields 5.1% at AT&T's most recent closing stock price of $35.40.
The article AT&T Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in AT&T. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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