AT&T Stock To Go Ex-dividend Tomorrow (T)

NEW YORK ( TheStreet) -- The ex-dividend date for AT&T (NYSE: T) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $31.41 as of 9:30 a.m. ET, the dividend yield is 5.6%.

The average volume for AT&T has been 25 million shares per day over the past 30 days. AT&T has a market cap of $178.31 billion and is part of the technology sector and telecommunications industry. Shares are up 3.9% year to date as of the close of trading on Tuesday.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. The company has a P/E ratio of 47.7, above the average telecommunications industry P/E ratio of 15.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full AT&T Ratings Report.

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