Key Highlights

  • AT&T’s $0.2775 quarterly common Dividend trades ex-dividend October 9, 2026, with payment on November 2.
  • Second-quarter operating revenues were $31.6 billion, up 2.3%, with Operating Income of $7.0 billion compared with $6.5 billion.
  • Free Cash Flow was $4.7 billion compared with $4.4 billion, and the company returned $4.1 billion to shareholders.
  • Diluted EPS from continuing operations was $0.66 on a GAAP basis, compared with $0.62, and adjusted EPS (non-GAAP) was $0.65.

AT&T Inc. (NYSE:T) declared a quarterly common dividend of $0.2775 per share, a Yield of 4.54%, payable November 2, with shares trading ex-dividend on October 9, 2026. The $0.2775 amount equals 42.0% of second-quarter GAAP diluted EPS from continuing operations of $0.66 and 42.7% of adjusted EPS of $0.65 (non-GAAP).

Dividend Program and Shareholder Returns

The board declared the $0.2775 common dividend on September 24, 2026, payable November 2. The shares trade ex-dividend on October 9.

On the same date, the board declared quarterly preferred dividends of $312.50 per preferred share, or $0.3125 per depositary share, on the 5.000% Perpetual Preferred Stock, Series A, and $296.875 per preferred share, or $0.296875 per depositary share, on the 4.750% Perpetual Preferred Stock, Series C. Both are also payable November 2.

The $0.2775 quarterly amount equals $1.11 on an annualized basis, a computed figure. In the second quarter, the company returned $4.1 billion to shareholders in total, including about $2.2 billion of common share repurchases under the 2024 authorization. Each dividend remains subject to board approval.

About the Company

AT&T Inc. is a telecommunications company reporting wireless, fiber and fixed wireless results. In the second quarter, the company reported 432,000 postpaid phone net additions with postpaid phone churn of 0.86%. It also reported 367,000 fiber net additions and 279,000 fixed wireless net additions, a total of 646,000 Advanced Connectivity internet net additions.

Second-Quarter Revenue, Income and Cash Flow

Operating revenues were $31.6 billion, up 2.3% from $30.8 billion. Advanced Connectivity service revenue was $23.5 billion, up 5.1%. Operating income was $7.0 billion, compared with $6.5 billion, and adjusted operating income (non-GAAP) was $7.5 billion.

Income from continuing operations was $5.0 billion, up 3.6%. Income from continuing operations attributable to common stock was $4.6 billion, compared with $4.5 billion. Diluted EPS from continuing operations was $0.66 on a GAAP basis, compared with $0.62, and adjusted EPS (non-GAAP) was $0.65, compared with $0.54. Free cash flow was $4.7 billion, compared with $4.4 billion.

2026 Guidance

The company reiterated 2026 adjusted EPS guidance (non-GAAP) of $2.25 to $2.35 and free cash flow of $18 billion or more. The $1.11 annualized common dividend equals 47.2% to 49.3% of the adjusted EPS range, a computed ratio based on the high and low ends.

The quarterly figures show free cash flow of $4.7 billion against $4.1 billion of total shareholder returns, a computed relationship that includes repurchases as well as dividends.

Cash Flow and Margin Relationships

Second-quarter operating income of $7.0 billion equals 22.2% of operating revenues of $31.6 billion, a computed ratio. Free cash flow of $4.7 billion equals 26.1% of the $18 billion free cash flow guidance floor, also computed.

The company reported Advanced Connectivity internet net additions of 646,000 in the quarter, made up of 367,000 fiber and 279,000 fixed wireless. Postpaid phone net additions were 432,000, with churn of 0.86%. These subscriber figures accompany the financial results above. Adjusted operating income of $7.5 billion (non-GAAP) equals 23.7% of operating revenues, a computed ratio.

Outlook

AT&T’s $0.2775 quarterly common dividend is payable November 2, with shares trading ex-dividend on October 9, 2026. The $2.25 to $2.35 adjusted EPS guidance (non-GAAP), the $18 billion free cash flow guidance, and the pace of fiber and fixed wireless net additions are the relevant considerations.