AT&T boosts dividend by 2%

AT&T’s quarterly dividend will increase from $0.49 to $0.50 per share. The annual dividend will increase from $1.96 to $2.00 per share.

“Our strong cash flows and outlook for the business allow us to raise our dividend for the 34th consecutive year. We’re committed to returning value to our shareholders, and we’re pleased to deliver yet again,” said Randall Stephenson, chairman and CEO, AT&T Inc.

The dividend is payable on Feb. 1, 2018, to stockholders of record at the close of business on Jan. 10, 2018.