Dividend increase AT&T (T) – December 2019

Dividend increase AT&T (T) – December 2019

On December, 13 AT&T (T) announced a 2% increase in its quarterly dividend. The dividend is raised from $0.51 to $0.52. The dividend pay date is February 3, 2020 to shareholders of record on January 10, 2020 (ex dividend January 9, 2020). This is the 36th Consecutive Annual Increase.

AT&T www.polliesdividend.com pollie diviidend


The increase is consistent with AT&T’s capital allocation strategy announced in October calling for continued modest annual increases in the dividend.


Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $2.08 per share, up from $2.04. The dividend yield on current price is 5.45 %.

My Vrijheid Fonds consist of 155 shares of T, my annual dividends will increase by €4.75 ($5.27). For 2019 my dividends will, of course, not be affected ;-).

My projected annual total amount from my shares of T will be €247 ($274) after taxes.


Other News

The company began retiring shares in the fourth quarter and has entered into a $4 billion accelerated share repurchase (ASR) agreement. Through purchases under the ASR, AT&T plans to retire about 100 million shares in the first quarter of 2020.

Furthermore AT&T also remains on track to hit its 2019 net debt-to-adjusted EBITDA ratio target in the 2.5x range. It expects a leverage ratio of between 2.0x to 2.25x by the end of 2022.



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