Telecom giant AT&T, Inc. (T) reported its first-quarter financial results and reaffirmed its full-year guidance for 2026, projecting adjusted earnings between $2.25 and $2.35 per share. The company anticipates low-single-digit growth in consolidated service revenue, driven by over 5 percent growth in Advanced Connectivity services, while Legacy service revenue is expected to decline by more than 20 percent.
AT&T also confirmed its commitment to returning capital to shareholders, maintaining its annual dividend of $1.11 per share and planning share repurchases totaling approximately $8 billion. The long-term outlook remains positive, with expectations for improved adjusted EBITDA and earnings per share through 2028, alongside a commitment to return over $45 billion to shareholders from 2026 to 2028.
For market professionals, AT&T’s steady dividend and share repurchase strategy amidst a challenging revenue landscape could signal resilience, making it a potential consideration for income-focused portfolios.
Source: nasdaq.com