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) 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.
AT&T Inc. (NYSE:T) is a diversified, global leader in
telecommunications, media and entertainment, and technology. It
executes in the market under four operating units. WarnerMedia is a
leading media and entertainment company that creates and
distributes premium and popular content to global audiences through
its consumer brands including: HBO, Warner Bros., TNT, TBS, truTV,
CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim,
Turner Classic Movies and others. AT&T Communications provides
more than 100 million U.S. consumers with entertainment and
communications experiences across TV, mobile and broadband
services. Plus, it serves nearly 3 million business customers with
high-speed, highly secure connectivity and smart solutions.
AT&T Latin America provides pay-TV services across 11 countries
and territories in Latin America and the Caribbean, and is the
fastest growing wireless provider in Mexico, serving consumers and
businesses. Xandr provides marketers with innovative and relevant
advertising solutions for consumers around premium video content
and digital advertising through its AppNexus platform.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2019 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
Cautionary Language Concerning Forward-Looking
Information set forth in this news release contains financial
estimates and other forward-looking statements that are subject to
risks and uncertainties, and actual results might differ
materially. A discussion of factors that may affect future results
is contained in AT&T’s filings with the Securities and Exchange
Commission. AT&T disclaims any obligation to update and revise
statements contained in this news release based on new information
This news release may contain certain non-GAAP financial
measures. Reconciliations between the non-GAAP financial measures
and the GAAP financial measures are available on the company’s
website at https://investors.att.com.
version on businesswire.com: https://www.businesswire.com/news/home/20190926005882/en/
Erin McGrath AT&T Inc. Phone: (214) 862-0651 Email:
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