AT&T Boosts Dividend by 2.4%

AT&T announced a 2.4 percent increase in the company's quarterly dividend and a 300 million share repurchase authorization, representing about 5 percent of outstanding shares. The quarterly dividend rate has risen from $0.42 to $0.43 a share on a quarterly basis, which would be an increase from $1.68 to $1.72 a share on an annualized basis.
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