AT&T Declares $0.2775 Dividend as Shares Fall 2.04% and Verizon Exits Dow
T•AT&T’s board declared a quarterly dividend of $0.2775 per common share and preferred stock dividends of $0.3125 for Series A and $0.296875 for Series C, all payable August 3, 2026. Shares fell 2.04% to $22.35 as investors weighed Verizon’s Dow exit and its 6% yield.
1. Dividend Declaration
The board of directors of AT&T declared a quarterly dividend of $0.2775 per common share payable August 3, 2026. It also approved dividends on its perpetual preferred stock, with Series A at $312.50 per share ($0.3125 per depositary share) and Series C at $296.875 per share ($0.296875 per depositary share), all payable to holders of record on July 10, 2026.
2. Share Price Movement
Following the dividend announcement, AT&T’s common shares closed at $22.35, a decline of 2.04% from the prior session. The drop reflects market sensitivity to telecom sector dynamics and yield comparisons.
3. Industry Context
Verizon’s removal from the Dow Jones Industrial Average has shone a spotlight on dividend yields, with Verizon maintaining a 6% payout. This development may influence investor appetite for high-yield telecom names including AT&T.
