AT&T Inc.
TCommunication Services · Stock · quarterly payer
Forward Yield
4.50%
Annual Dividend
$1.11
Payout Ratio
37%
5-Yr Growth
-11.8%
Ex-Date
Jul 10, 2026
Frequency
Quarterly
Summary
As of July 2026, AT&T Inc. (T) yields 4.50% ($1.11 per share annually), with a blended fair-value estimate of $64.92 — +169% upside, so it screens as undervalued. Dividend safety grade: B (68/100).
Is T a good dividend stock?
Yes, with caveatsAT&T Inc. (T) pays a quarterly dividend yielding 4.50% ($1.11/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (37%)
Risks
- Cut its dividend in 2022
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 4.50%
- Payout Ratio
- 37%
- Annual Dividend
- $1.11
- 5-Yr Avg Growth
- -11.8%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.42
- Market Cap
- $164.0B
- P/E Ratio
- 7.9
- 5-Yr Total Return
- 17%
- 52-Week Range
- $19.89 – $29.79
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
T Price — Last 12 Months
Daily close
Price Return
1 Year
-18%
3 Years
+63%
5 Years
+17%
52-Week Range
$19.89 – $29.79
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is T worth?
Undervaluedlow confidenceOur blended fair-value estimate for AT&T Inc. is $64.92 per share, versus a market price of $24.13. That implies 169% of upside — a margin of safety of about 63%.
Fair Value
$64.92
Current Price
$24.13
Upside
+169%
Margin of Safety
63%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 13.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 13.6% stage-1 growth, 2.5% terminal growth, $3.03 EPS, $1.11 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
T Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.2780 | regular |
| Apr 10, 2026 | — | $0.2780 | regular |
| Jan 12, 2026 | — | $0.2780 | regular |
| Oct 10, 2025 | — | $0.2780 | regular |
| Jul 10, 2025 | — | $0.2780 | regular |
| Apr 10, 2025 | — | $0.2780 | regular |
| Jan 10, 2025 | — | $0.2780 | regular |
| Oct 10, 2024 | — | $0.2780 | regular |
| Jul 10, 2024 | — | $0.2780 | regular |
| Apr 9, 2024 | — | $0.2780 | regular |
| Jan 9, 2024 | — | $0.2780 | regular |
| Oct 6, 2023 | — | $0.2780 | regular |
| Jul 7, 2023 | — | $0.2780 | regular |
| Apr 6, 2023 | — | $0.2780 | regular |
Income Calculator
At $1.11 / yr per share
