MoneySavingPro independently researches the products & services to bring you our recommendations. We may earn money when you click our links - disclosure policy.
Highlights
- AT&T announced a 2% increase in its quarterly dividend.
- The new dividend rate is $0.50 per share, up from $0.49.
- This marks the 34th consecutive year of dividend increases for AT&T.
Hot on the heels of a recent plan price hike, AT&T recently announced a 2% increase in its quarterly dividend from $0.49 to $0.50 per share.
The new dividend will be payable on May 1, 2024, to shareholders of record as of April 10, 2024.
This latest dividend hike marks the 34th consecutive year that AT&T has increased its dividend, showcasing the company's commitment to returning value to its shareholders.
And it comes hot on the heels of
The annual dividend will now be $2.00 per share, up from $1.96.
- Quarterly dividend: Increased to $0.50 per share
- Annual dividend: Now $2.00 per share
- Payment date: May 1, 2024
- Record date: April 10, 2024
It's crystal clear that AT&T is committed to providing value to its shareholders, but who's looking out for the customers?
My take: Who is really paying for AT&T's dividend increase?
After viewing this recent announcement with a critical eye, I feel it's crucial I shed some light on AT&T's dividend increase.
I know one cent may not seem like a lot, but considering it is a 34-year trend, where does it end?
While consistent dividend growth can appeal to shareholders, it's essential to remember that these payouts are funded by the company's revenues, which come from its customers.
AT&T has faced criticism for raising prices on its services, which can place a financial burden on consumers, particularly those on fixed incomes.
Read more: AT&T announces minor rate hike to soften the blow
While I applaud the company's focus on returning value to shareholders, it should not come at the expense of fair pricing and quality service for its customers.
If you are an AT&T customer feeling the pinch of rising service costs, it's important to evaluate whether the services you are receiving are worth the increased prices.
Read more: Best value plans on the AT&T network
Consider exploring competitive offers from other low-cost providers who operate on the same network for much less.
The telecoms market is becoming more competitive every day, and there are often opportunities to find better deals that can provide you with the services you need at a more affordable price.
Stay tuned to MoneySavingPro.com for more stories like this and practical advice on how to combat rising prices.
Follow us on Facebook, X, and TikTok for the latest insights on market trends and money-saving tips for the everyday consumer.
