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AT&T (T) Dividends

Dividends The company has been increasing its dividends per share (DPS) over the last five years at about 2.3% per year. Dividend Growth & Yield Dividend Growth(YoY) "Dividend Yield 2008 2009 2010 2011 2012 Dividends have increased at a CAGR of 1.92% from 2008-2012. On the back of strong earnings and declining capital expenditures in future, this infers that AT&T will be able to maintain or even increase its dividends in future. Dividend per Share - Dividend per share $1.80 $1.76 $1.72 $1.68 $1.64 $1.60 2008 2009 2010 2011 2012 2013 E AT&T's has been paying dividends at an increasing rate, which has been outpacing the growth rate of its cash flows. Still the company's cash position has been improving YoY and is better by almost 150% over the last five years. AT&T's Cash Position - Cash & Near Cash Items (in billions) $5 $4.5 $4 $3.5 $3 $2.5 $2 $1.5 $1 FY07 FY08 FY09 FY10 FY11 FY12 Cash Dividend Coverage 70% 60% %3D 50% 40% 30% 20% 10% 0% 2008 2009 2010 2011 2012 Payout ratio to CFO has averaged in the range of 26%-30% over the last five years. AT&T's payout ratio at the end of 2012 was almost 100% over its level in 2008. And even though the company's net income dropped over 80% in 2011 AT&T was able to increase its dividends. Dividend Payout Ratio 1 Dividend Payout Ratio 259.3 .... 141.4 73.9 80.3 52.3 2008 2009 2010 2011 2012 BIDNESS SOURCES: Company Data, SEC filings, Bloomberg Professional Services Etc. DISCLAIMER: Bidness Etc(TM) and related marks are owned by Bidness Etc. Any other trademarks appearing on this website are the property of their respective owners, and are not used to indicate the origin of goods or services offered or provided by Bidness Etc herein orto suggest approval for or affiliation with Bidness Etc. 12.7% 5.7% %6'9 %8'9 2.4% 5.7% 5.3%

AT&T (T) Dividends

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The dividends of the company increased at CAGR of 1.92% from 2008-2012 despite the company incurring heavy pension related expenses. AT&T has been paying dividends at an increasing rate, which has bee...

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