AT&T Announces 2.4 Percent Dividend Increase, Marks 26 Years of Dividend Increases

AT&T Inc. (NYSE:T) announced that its board of directors has approved a 2.4 percent increase in the company’s quarterly dividend. AT&T has increased its quarterly dividend for 26 consecutive years, a record unmatched among major telecom companies.

AT&T directors increased the dividend rate from $0.41 to $0.42 per share on a quarterly basis and from $1.64 to $1.68 per share on an annual basis.

“Our 26th consecutive annual dividend increase underscores the Board’s continued commitment to stockholders and confidence in our strong financial position,” said Randall Stephenson, AT&T chairman and chief executive officer.

The dividend will be payable Feb. 1, 2010, to common stockholders of record on Jan. 8, 2010.