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MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

AT&T INC.

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AT&T : Says It Has All the Cash It Needs to Handle Downturn

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04/07/2020 | 01:41pm EDT

By Drew FitzGerald

 

AT&T Inc. reassured investors its cash cushion is ample enough to ride out the current virus-induced economic downturn.

The telecom and media giant is one of the largest dividend payers and one of the most indebted corporate giants. It had a net debt total of $151 billion at the end of last year. It pays out $15 billion in annual dividends. The dividend yield on common stock is nearly 6.8% as of Tuesday.

The Dallas company told stockholders its December-end $12 billion cash pile showed its financial strength and said it has "no need or plans" in 2020 to use the $15 billion revolving credit facility it has on hand.

AT&T also said "it looks forward to continuing to pay a quarterly dividend" but skipped any mention of dividend increases, which the company has provided for the past 36 years. The dividend yield on common stock is nearly 6.8% as of Tuesday.

AT&T's shares gained 4% to $30.62 midday amid a broader market rally. The company reports first-quarter earnings on April 22.

 

Write to Drew FitzGerald at Drew.FitzGerald@WSJ.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AT&T INC. -1.23% 29.76 Delayed Quote.-23.85%
THE NEW HOME COMPANY INC. 6.95% 3.54 Delayed Quote.-24.03%
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Financials (USD)
Sales 2020 170 B - -
Net income 2020 16 732 M - -
Net Debt 2020 147 B - -
P/E ratio 2020 13,3x
Yield 2020 6,97%
Capitalization 212 B 212 B -
EV / Sales 2019
EV / Sales 2020 2,11x
Nbr of Employees 244 000
Free-Float 93,4%
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Technical analysis trends AT&T INC.
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 34,55 $
Last Close Price 29,76 $
Spread / Highest target 57,9%
Spread / Average Target 16,1%
Spread / Lowest Target -42,9%
EPS Revisions
Managers
NameTitle
John T. Stankey President, CEO, COO & Director
Randall L. Stephenson Executive Chairman
John J. Stephens Chief Financial Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
Scott T. Ford Independent Director
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