AT&T Inc (T) announced a 2.1% increase in its cash dividend! The quarterly cash dividend will increase from $0.47 to $0.48 per share and payable on Feb 01, 2016 to shareholders on record as of Jan 08, 2016 (ex-div date of Jan 6). The annual dividend rate goes up from $1.88 to $1.92. Yield going forward is 5.66%.
“Our continued financial strength and outlook for strong cash flows give us the confidence to increase our dividend for the 32nd consecutive year,” said Randall Stephenson, chairman and CEO of AT&T.
My portfolio consists of 40 shares of AT&T, which increases my annual dividends from $75.20 to $76.80, an increase of $1.60.