logo
Share SHARE
FONT-SIZE Plus   Neg

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

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Ford Motor Co. has issued a safety recall for nearly 117,000 vehicles in North America to replace improperly tempered bolts in seats and seatbelts that could fracture. The affected vehicles include 2014 Ford F-150 pickup trucks, 2014 E-Series vans, 2014-15 Ford Escape SUVs and 2015 Lincoln MKC SUVs to replace improperly tempered bolts in seats and seatbelts. Electronics retailer Best Buy is adding Dyson mini-shops to its select stores in the U.S. next month. Dyson is a maker of vacuums, hair dryers, air purifiers and other household items. Starting in August, about 90 U.S. Best Buy stores will get new Dyson Demo Experiences - dedicated spaces that will enable customers try out Dyson products as if they were in their own home. Shares of Airbus Group SE were losing around 4 percent in the morning trading in Paris after the aerospace and defense major reported Thursday a sharp decline in its second-quarter profit with lower revenues. Further, the company maintained its guidance for the full year 2017.
comments powered by Disqus
Follow RTT