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.
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