AT&T Declares $0.296875 Quarterly Dividend on Series C Preferred Stock
AT&T Inc. (T) declared a quarterly dividend of $0.296875 per depositary share on its 4.750% Perpetual Preferred Stock, Series C [1]. The board approved the payment in accordance with the stated 4.750% annual rate on the perpetual instrument [2].
AT& Inc. () declared a quarterly dividend of $0.296875 per depositary share on its 4.750% Perpetual Preferred Stock, Series C [1]. The board approved the payment at the stated 4.750% annual rate, which translates to $296.875 per preferred share [2].
The Series C preferred stock is a perpetual instrument, meaning it carries no maturity date and pays the fixed 4.750% rate indefinitely unless the company exercises its redemption option. The $0.296875 quarterly distribution per depositary share aligns with the stated coupon and continues the regular payment schedule the company has maintained since the series was issued.
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