AT&T Inc.

Communication Services · Telecom Services · Stock · quarterly payer

$21.41

Undervalued · +144% Add to Portfolio

Forward Yield

5.18%

Annual Dividend

$1.11

Payout Ratio

59%

5-Yr Growth

-11.8%

Ex-Date

Oct 9, 2026

Frequency

Quarterly

Key facts about T's dividend

Data as of Nov 2, 2026 · Source: SmarterDividends data

As of Nov 2, 2026, AT&T Inc. (T) has a forward dividend yield of 5.18%, based on an annual dividend of $1.11 per share and a share price of $21.41.
As of Nov 2, 2026, T's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
T last cut its regular dividend in 2022.
T's most recent ex-dividend date was Oct 9, 2026, for a dividend of $0.28 per share.
As of Nov 2, 2026, T pays out 59% of its trailing 12-month earnings as dividends (its payout ratio).
T's dividend has shrunk at an average rate of 11.8% a year over the past five years.
As of Nov 2, 2026, T's 5.18% yield is 23% below its five-year average yield of 6.73%.
As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for T is $52.20 per share, 144% above the $21.41 share price, so T screens as undervalued.
AT&T Inc. (T) pays its dividend quarterly, 4 times a year.
AT&T Inc. (T) has raised its regular dividend 38 times and cut it 2 times across the 170 payments on record since 1984. Its most recent change was a 46.5% cut to $0.278 per share, going ex-dividend on Apr 13, 2022.

Cite this page

SmarterDividends, "T Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/T

Summary

As of Nov 2, 2026, AT&T Inc. (T) yields 5.18% ($1.11 a year per share) and has a dividend safety grade of C (65/100).

Is T a good dividend stock?

Yes, with caveats

AT&T Inc. (T) pays a quarterly dividend yielding 5.18% ($1.11/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

Comfortable payout ratio (59%)

Risks

Cut its dividend in 2022
Dividend has been shrinking, not growing

Key Data

Dividend Yield: 5.18%
Payout Ratio: 59%
Annual Dividend: $1.11
5-Yr Avg Growth: -11.8%
Ex-Dividend Date: Oct 9, 2026
Years of Growth: 0
Frequency: quarterly
Beta: 0.44
Market Cap: $144.2B
P/E Ratio: 11.4
5-Yr Total Return: 24%
52-Week Range: $19.89 – $29.44
Dividend Safety: C · 65/100
Ever Cut?: Yes (2022)

T dividend raises and cuts

AT&T Inc. (T) has raised its regular dividend 38 times and cut it 2 times across the 170 payments on record since 1984. Its most recent change was a 46.5% cut to $0.278 per share, going ex-dividend on Apr 13, 2022.

Ex-date	Change	Old → new	Move
Apr 13, 2022	Cut	$0.520 → $0.278	−46.5%
Jan 9, 2020	Raise	$0.510 → $0.520	+2.0%
Jan 9, 2019	Raise	$0.500 → $0.510	+2.0%
Jan 9, 2018	Raise	$0.490 → $0.500	+2.0%
Jan 6, 2017	Raise	$0.480 → $0.490	+2.1%
Jan 6, 2016	Raise	$0.470 → $0.480	+2.1%
Jan 7, 2015	Raise	$0.460 → $0.470	+2.2%
Jan 8, 2014	Raise	$0.450 → $0.460	+2.2%
Jan 8, 2013	Raise	$0.440 → $0.450	+2.3%
Jan 6, 2012	Raise	$0.430 → $0.440	+2.3%
Jan 6, 2011	Raise	$0.420 → $0.430	+2.4%
Jan 6, 2010	Raise	$0.410 → $0.420	+2.4%

Show all 40 changes since 1985

Ex-date	Change	Old → new	Move
Jan 7, 2009	Raise	$0.400 → $0.410	+2.5%
Jan 8, 2008	Raise	$0.355 → $0.400	+12.7%
Jan 8, 2007	Raise	$0.333 → $0.355	+6.6%
Jan 6, 2006	Raise	$0.323 → $0.333	+3.1%
Jan 6, 2005	Raise	$0.313 → $0.323	+3.2%
Jan 7, 2004	Cut	$0.383 → $0.313	−18.3%
Jul 8, 2003	Raise	$0.333 → $0.383	+15.0%
Apr 8, 2003	Raise	$0.270 → $0.333	+23.3%
Apr 8, 2002	Raise	$0.256 → $0.270	+5.5%
Apr 6, 2001	Raise	$0.253 → $0.256	+1.2%
Apr 6, 2000	Raise	$0.244 → $0.254	+4.1%
Sep 7, 1999	Raise	$0.243 → $0.244	+0.4%
Jul 7, 1999	Raise	$0.242 → $0.243	+0.4%
Apr 7, 1999	Raise	$0.232 → $0.242	+4.3%
Apr 7, 1998	Raise	$0.224 → $0.232	+3.6%
Mar 25, 1997	Raise	$0.215 → $0.224	+4.2%
Apr 8, 1996	Raise	$0.206 → $0.215	+4.4%
Apr 4, 1995	Raise	$0.198 → $0.206	+4.3%
Apr 4, 1994	Raise	$0.189 → $0.198	+4.8%
Apr 2, 1993	Raise	$0.183 → $0.189	+3.4%
Apr 6, 1992	Raise	$0.178 → $0.183	+2.8%
Apr 4, 1991	Raise	$0.173 → $0.178	+2.9%
Apr 4, 1990	Raise	$0.163 → $0.173	+6.2%
Apr 4, 1989	Raise	$0.155 → $0.163	+4.8%
Apr 4, 1988	Raise	$0.145 → $0.155	+6.9%
Apr 6, 1987	Raise	$0.133 → $0.145	+8.8%
Apr 4, 1986	Raise	$0.125 → $0.133	+6.7%
Apr 3, 1985	Raise	$0.117 → $0.125	+7.1%

Every T payment →Download every raise and cut (CSV)

T ex-dividend date & scheduleNext ex-date Oct 9, 2026 · full ex-dividend historyView →T dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is T a good dividend stock?

Yes, with caveats. AT&T Inc. (T) pays a quarterly dividend yielding 5.18% ($1.11/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is T undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, T's fair value is about $52.20 versus a $21.41 share price — so it looks undervalued (+144% vs. fair value).

Is T's dividend safe?

T has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

What is T's fair value?

Our blended fair-value estimate for T is about $52.20 per share, roughly 144% above the current $21.41 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is T a buy, hold, or sell?

We don't issue formal ratings, but on the data T screens as "yes, with caveats" and undervalued. AT&T Inc. (T) pays a quarterly dividend yielding 5.18% ($1.11/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will T cut its dividend?

T earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does T pay a dividend?

Yes. AT&T Inc. pays a quarterly dividend of about $1.11 per share annually, a forward yield of roughly 5.18%.

What is T's dividend yield?

As of Nov 2, 2026, T's forward dividend yield is 5.18%, based on a $1.11 annual dividend and a $21.41 share price.

What is T's dividend per share?

As of Nov 2, 2026, T pays $1.11 per share per year, distributed on a quarterly basis.

What is T's dividend payout ratio?

As of Nov 2, 2026, T's payout ratio is 59% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has T grown its dividend?

T does not currently have a long dividend-growth streak on record.

When is the next T ex-dividend date?

As of Nov 2, 2026, T's next ex-dividend date hasn't been announced. The most recent was Oct 9, 2026, for $0.28 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full T dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 9, 2026	Nov 2, 2026	$0.2780	regular
Jul 10, 2026	Aug 3, 2026	$0.2780	regular
Apr 10, 2026	May 1, 2026	$0.2780	regular
Jan 12, 2026	Feb 2, 2026	$0.2780	regular
Oct 10, 2025	Nov 3, 2025	$0.2780	regular
Jul 10, 2025	Aug 1, 2025	$0.2780	regular
Apr 10, 2025	May 1, 2025	$0.2780	regular
Jan 10, 2025	Feb 3, 2025	$0.2780	regular
Oct 10, 2024	Nov 1, 2024	$0.2780	regular
Jul 10, 2024	Aug 1, 2024	$0.2780	regular
Apr 9, 2024	May 1, 2024	$0.2780	regular
Jan 9, 2024	Feb 1, 2024	$0.2780	regular
Oct 6, 2023	Nov 1, 2023	$0.2780	regular
Jul 7, 2023	Aug 1, 2023	$0.2780	regular