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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): AT&T Inc. (T) pays a $1.11 annual dividend ($0.28 quarterly), yielding 5.09% at $21.80/share. Next ex-dividend date 2026-07-10. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.09%
Annual Dividend: $1.11 per share
Payout Ratio: 37.8%
Ex-Dividend Date: 2026-07-10
Dividend Frequency: quarterly
Sector: Communication Services
Years of Dividend History: 43
AT&T Inc. dividend income comes from one of the largest telecommunications companies in the United States, delivering wireless services, AT&T Fiber broadband, and connectivity solutions under brands including AT&T, Cricket, and AT&T PREPAID. T stock currently yields 5.4%, placing it firmly in high-yield territory. AT&T pays dividends quarterly, with a trailing annual rate of $1.11 per share and the next ex-dividend date on July 10, 2026. A beta of 0.422 means T stock moves well below the broader market, which suits income-focused investors who prioritize low volatility over price appreciation.
AT&T Inc. pays out 37.8% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves meaningful room to absorb earnings pressure without touching the dividend, and the company's base of wireless subscribers, fiber internet customers, and enterprise clients provides recurring demand that supports the current payment level. AT&T Inc. dividend safety faces its most visible test from the dividend's own history: the annual per-share payment fell from $2.08 in 2020 to $1.11 by 2024, a cut tied to prior corporate restructuring that the current payout ratio does not reverse.
AT&T Inc. dividend history shows a CAGR of -2.4% per year from 2009 to 2025. The per-share payment started at $1.64 and ended at $1.11 (with 2026 a partial year, not used in this calculation). The largest annual increase in the window was just 2.4%, recorded in 2010, and the history contains at least one year-over-year decline exceeding 5%. Growth is slow, and the long-run direction has been negative, which matters for income investors counting on rising payments over time.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -6.4% | $1.35 (2022) | $1.11 (2025) |
| 5-Year | -11.8% | $2.08 (2020) | $1.11 (2025) |
| 10-Year | -5.1% | $1.88 (2015) | $1.11 (2025) |
AT&T Inc. suits income-focused investors who want a high current yield from a large-scale telecommunications business and can accept that the dividend has not grown in recent years. The yield of 5.4% is high (above 4%), though it sits below the 5-year average of 6.58%, which reflects a period when the stock traded at lower prices. The payout ratio of 37.8% supports the current payment level, but the dividend's per-share value today is lower than it was a decade ago. What an investor gets here is a meaningful income stream from wireless, fiber, and enterprise services, paired with the trade-off of flat dividend growth and a history that includes a significant cut.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-10 | $0.2775 |
| 2026-04-10 | $0.2775 |
| 2026-01-12 | $0.2780 |
| 2025-10-10 | $0.2780 |
| 2025-07-10 | $0.2780 |
| 2025-04-10 | $0.2780 |
| 2025-01-10 | $0.2780 |
| 2024-10-10 | $0.2780 |
| 2024-07-10 | $0.2780 |
| 2024-04-09 | $0.2780 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8330 |
| 2025 | $1.1120 |
| 2024 | $1.1120 |
| 2023 | $1.1120 |
| 2022 | $1.3540 |
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