The ex-dividend date for AT&T (NYSE:T) is tomorrow, July 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $31.70 as of 9:32 a.m., the dividend yield is 5.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for AT&T (NYSE: T) is tomorrow, July 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $31.70 as of 9:32 a.m. ET, the dividend yield is 5.4%. The average volume for AT&T has been 22.9 million shares per day over the past 30 days. AT&T has a market cap of $187.6 billion and is part of the technology sector and telecommunications industry. Shares are up 7.8% year to date as of the close of trading on Friday. AT&T Inc., together with its subsidiaries, provides telecommunication services to consumers, businesses, and other service providers worldwide. The company has a P/E ratio of 9.4, above the average telecommunications industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full AT&T Ratings Report. See our dividend calendar or top-yielding stocks list.