AT&T Board of Directors Approves 3.1 Percent Increase in Quarterly Dividend; 21st Consecutive Year for Dividend Increase.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- The Board of Directors of AT&T Inc. (NYSE NYSE See: New York Stock Exchange : T) today approved a 3.1 percent increase in the company's quarterly dividend. AT&T directors increased the quarterly dividend rate from $0.3225 a share to $0.3325 a share, or $0.04 a share on an annual basis, from $1.29 to $1.33 a share. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]The fourth-quarter 2005 dividend will be payable on Feb. 1, 2006, to common stockholders of record on Jan. 10, 2006. Today's action marks the 21st consecutive year that the board has increased the company's dividend. E[acute accent]"This increase reflects the board's ongoing commitment to returning value directly to our stockholders," said AT&T Inc. Chairman and Chief Executive Officer Edward E. Whitacre Jr. "The higher dividend - along with our recent share repurchases Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. - also reflect the board's confidence in our operating performance and our ability to generate strong cash flow while we invest in growth opportunities." E[acute accent]Cautionary Language Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. E[acute accent]Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. E[acute accent]AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high-speed DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with more than 52 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at www.TheNewATT.com. |
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