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AT&T Declares Dividend, Announces New 300 Mln Share Repurchase Authorization

AT&T Inc. (T) on Friday declared a quarterly dividend of $0.45 a share, payable on May 1 to shareholders of record on April 10.

The company also said its board of directors has authorized the repurchase of up to 300 million shares, representing about 5.5% of AT&T common shares outstanding, with no expiration date.

The authorization is in addition to two other 300 million share repurchase authorizations approved by the board of directors in December 2010 and July 2012. The company completed repurchases under the December 2010 share authorization last year.

Under the July 2012 300 million share authorization, AT&T said, it has repurchased about 239 million of its shares through March 28, 2013.
Since the company began buying back shares in 2012, AT&T has repurchased 539 million of its shares, or about 9% of shares outstanding.

by RTT Staff Writer

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